2005 Vermont Code - § 3027. — Dissolution-Cooperative not commencing business

§ 3027. Dissolution-Cooperative not commencing business

A cooperative which has not commenced business may be dissolved by delivering to the secretary of state a certificate of dissolution which shall be executed and acknowledged on behalf of the cooperative by a majority of the incorporators and which shall state:

(1) the name of the cooperative;

(2) the address of its principal office;

(3) that the cooperative has not commenced business;

(4) that any sums received by the cooperative, less any part thereof disbursed for expenses of the cooperative, have been returned or paid to those entitled thereto;

(5) that no debt of the cooperative is unpaid; and

(6) that a majority of the incorporators elect that the cooperative be dissolved.