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Form a Business

No liability as member for enterprise’s obligations

11C V.S.A. § 5-504
in effect
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504. No liability as member for enterprise’s obligations Unless the articles of organization otherwise provide, a debt, obligation, or other liability of a mutual benefit enterprise is solely that of the enterprise and is not the debt, obligation, or liability of a member solely by reason of being a member. 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/005/00504Fetched: 10/21/2026

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