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Purpose and duration of mutual benefit enterprise

11C V.S.A. § 1-105
in effect
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105. Purpose and duration of mutual benefit enterprise (a) A mutual benefit enterprise is an entity distinct from its members. (b) A mutual benefit enterprise may be organized for any lawful purpose, whether or not for profit. (c) Unless the articles of organization state a term for a mutual benefit enterprise’s existence, the enterprise has perpetual duration. 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/001/00105Fetched: 10/21/2026

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