Terms Used In Vermont Statutes Title 11 Sec. 501

  • Cooperative: means an entity organized under any cooperative law of any jurisdiction. See
  • 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

§ 501. Members

To begin business, a mutual benefit enterprise shall have at least two patron members unless the sole member is a cooperative. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)

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