2016 Vermont Statutes
Title 11C - Mutual Benefit Enterprises
Chapter 1 - General Provisions
§ 119 Resignation of agent for service of process
§ 119. Resignation of agent for service of process
(a) To resign as an agent for service of process of a mutual benefit enterprise or foreign enterprise, the agent shall deliver to the Secretary of State for filing a statement of resignation containing the name of the agent and the name of the enterprise or foreign enterprise.
(b) After receiving a statement of resignation under subsection (a) of this section, the Secretary of State shall file it and mail or otherwise provide or deliver a copy to the mutual benefit enterprise or foreign enterprise at its principal office.
(c) An agency for service of process of a mutual benefit enterprise or foreign enterprise terminates on the earlier of:
(1) the 31st day after the Secretary of State files a statement of resignation under subsection (b) of this section; or
(2) when a record designating a new agent for service of process is delivered to the Secretary of State for filing on behalf of the enterprise or foreign enterprise and becomes effective. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)
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