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Membership interest not a security

8 V.S.A. § 3445
in effect
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3445. Membership interest not a security A membership interest in a domestic mutual insurance holding company shall not constitute a security as defined by 9 V.S.A. § 4202a. Added 1995, No. 167 (Adj. Sess.), § 29a.
Source: Vermont General Assembly (legislature.vermont.gov)URL: https://legislature.vermont.gov/statutes/section/08/101/03445Fetched: 10/21/2026

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