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Prohibited distributions

11B V.S.A. ch. 013, § 13.01, under Distributions.

11B V.S.A. ch. 013, § 13.01

§ 13.01. Prohibited distributions

Except as authorized by section 13.02 of this title, a corporation shall not make any distributions. (Added 1995, No. 179 (Adj. Sess.), § 1, eff. Jan. 1, 1997.)