Terms Used In Vermont Statutes Title 1 Sec. 114

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • State: when applied to the different parts of the United States may apply to the District of Columbia and any territory and the Commonwealth of Puerto Rico. See

§ 114. Domestic and foreign corporations

"Domestic" when applied to a corporation, company, association, or copartnership shall mean organized under the laws of this State; "foreign," when so applied, shall mean organized under the laws of another state, government, or country.