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2018 Vermont Statutes
Title 11C - Mutual Benefit Enterprises
Chapter 5 - Members
§ 504 No liability as member for enterprise's obligations
Universal Citation: 11 V.S.A. § 504
§ 504. No liability as member for enterprise's obligations
Unless the articles of organization otherwise provide, a debt, obligation, or other liability of a mutual benefit enterprise is solely that of the enterprise and is not the debt, obligation, or liability of a member solely by reason of being a member. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)
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