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2020 Vermont Statutes
Title 11 - Corporations, Partnerships and Associations
Chapter 4 - Professional Corporations
§ 832. Share transfer restriction
Universal Citation: 11 V.S.A. § 832.
§ 832. Share transfer restriction
(a) A shareholder of a professional corporation may transfer or pledge shares, fractional shares, and rights or options for the purchase of shares of the corporation only to individuals, and general partnerships qualified under section 830 of this title to be issued shares.
(b) A transfer of shares made in violation of subsection (a) of this section, except one made by operation of law or court judgment, is void. (Added 2001, No. 77 (Adj. Sess.), § 1.)
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