2013 Vermont Statutes
Title 11C Mutual Benefit Enterprises
Chapter 15 DISPOSITION OF ASSETS
§ 1502 Member approval of other disposition of assets
1502. Member approval of other disposition of assets
A sale, lease, exchange, license, or other disposition of assets of a mutual benefit enterprise, other than a disposition described in section 1501 of this title, requires approval of the enterprise's members under sections 1503 and 1504 of this title if the disposition leaves the enterprise without significant continuing business activity. (Added 2011, No. 84 (Adj. Sess.), 1, eff. April 20, 2012.)
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