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Redemption or repurchase

11C V.S.A. § 10-1006
in effect
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1006. Redemption or repurchase Property distributed to a member by a mutual benefit enterprise, other than money, may be redeemed or repurchased as provided in the organic rules but a redemption or repurchase may not be made without authorization by the board of directors. The board may withhold authorization for any reason in its sole discretion. A redemption or repurchase is treated as a distribution for purposes of section 1007 of this title. Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.
Source: Vermont General Assembly (legislature.vermont.gov)URL: https://legislature.vermont.gov/statutes/section/11C/010/01006Fetched: 10/21/2026

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