Terms Used In Vermont Statutes Title 8 Sec. 4515

  • Contract: A legal written agreement that becomes binding when signed.
  • 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.

§ 4515. Form of contract

In every such contract made, issued, or delivered in this State:

(1) all printed portions shall be plainly printed in type of which the face is not smaller than 10 point;

(2) there shall be a brief description of the contract on its first page and on its filing back in type of which the face is not smaller than 14 point;

(3) the exceptions of the contract shall appear with the same prominence as the benefits to which they apply; and

(4) if the contract contains a provision purporting to make a portion of the articles, constitution, or bylaws of the corporation a part of the contract, such portion thereof shall be set forth in full.