Vermont Statutes Title 11 Sec. 119
Terms Used In Vermont Statutes Title 11 Sec. 119
- Foreign enterprise: means an entity organized in a jurisdiction other than this State under a law similar to this title. See
- Mutual benefit enterprise: means an enterprise organized under this title. See
- Principal office: means the principal executive office of a mutual benefit enterprise or foreign enterprise, whether or not in this State. See
- Service of process: The service of writs or summonses to the appropriate party.
- State: means a state of the United States, District of Columbia, Puerto Rico, the U. See
§ 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.)