Vermont Statutes Title 11 Sec. 502
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Vermont Statutes Title 11 Sec. 502
- Member: means a person that is admitted as a patron member or investor member or both in a mutual benefit enterprise. See
- Organic rules: means the articles of organization and bylaws of a mutual benefit enterprise. See
- Person: means an individual; corporation; business trust; cooperative; estate; trust; partnership; limited partnership; limited liability company; mutual benefit enterprise; joint venture; association; public corporation; government or governmental subdivision, agency, or instrumentality; or any other legal or commercial entity. See
§ 502. Becoming a member
A person becomes a member:
(1) as provided in the organic rules;
(2) as the result of a merger or conversion under article 16 of this title; or
(3) with the consent of all the members. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)