Terms Used In Vermont Statutes Title 11 Sec. 106

  • Member: means a person that is admitted as a patron member or investor member or both in a mutual benefit enterprise. See
  • Mutual benefit enterprise: means an enterprise organized under this title. See
  • Organic rules: means the articles of organization and bylaws of a mutual benefit enterprise. See

§ 106. Powers

A mutual benefit enterprise may sue and be sued in its own name and do all things necessary or convenient to carry on its activities. An enterprise may maintain an action against a member for harm caused to the enterprise by the member’s violation of a duty to the enterprise or of the organic laws or organic rules. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)

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