There Is a Newer Version of the Vermont Statutes
2015 Vermont Statutes
Title 11 - Corporations, Partnerships and Associations
Chapter 21 - Limited Liability Companies
Subchapter 11: DERIVATIVE ACTIONS
§ 3151 Right of action
11 V.S.A. § 3151 What's This?
[Section 3151 repealed effective July 1, 2016.]
§ 3151. Right of action
A member of a limited liability company may maintain an action in the right of the company if the members or managers having authority to do so have refused to commence the action or an effort to cause those members or managers to commence the action is not likely to succeed. (Added 1995, No. 179 (Adj. Sess.), § 4.)
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