There Is a Newer Version
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the Vermont Statutes
2014 Vermont Statutes
Title 11 - Corporations, Partnerships and Associations
Chapter 21 - LIMITED LIABILITY COMPANIES
Subchapter 5: TRANSFEREES AND CREDITORS OF MEMBER
§ 3075 Power of estate of deceased or member who is incompetent
Universal Citation:
11 V.S.A. § 3075
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§ 3075. Power of estate of deceased or member who is incompetent
If a member who is an individual dies or a court adjudges the member to be incompetent to manage the member's person or property, the member's executor, administrator, guardian, conservator or other legal representative may exercise all of the member's rights for the purpose of settling the member's estate or administering the member's property. If a member is a corporation, trust, or other entity and is dissolved or terminated, the powers of the member may be exercised by its legal representative or successor. (Added 1995, No. 179 (Adj. Sess.), § 4; amended 2013, No. 96 (Adj. Sess.), § 40.)
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