2013 Vermont Statutes
Title 11 Corporations, Partnerships and Associations
Chapter 21 LIMITED LIABILITY COMPANIES
§ 3121 Definitions


11 V.S.A. § 3121 What's This?

3121. Definitions

In this subchapter:

(1) "Corporation" means a business corporation organized under Title 11A, a predecessor law or comparable law of another jurisdiction.

(2) "General partner" means a partner in a partnership and a general partner in a limited partnership.

(3) "Limited partner" means a limited partner in a limited partnership.

(4) "Limited partnership" means a limited partnership created under chapter 11 of this title, a predecessor law or comparable law of another jurisdiction.

(5) "Partner" includes a general partner and a limited partner.

(6) "Partnership" means a general partnership under chapter 9 of this title, a predecessor law or comparable law of another jurisdiction.

(7) "Partnership agreement" means an agreement among the partners concerning the partnership or limited partnership.

(8) "Shareholder" means a shareholder in a corporation. (Added 1995, No. 179 (Adj. Sess.), 4.)

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