Governing law

11C V.S.A. ch. 001, § 107, under Article 001 : General Provisions.

11C V.S.A. ch. 001, § 107

§ 107. Governing law

The law of this State governs:

(1) the internal affairs of a mutual benefit enterprise; and

(2) the liability of a member as member and a director as director for the debts, obligations, or other liabilities of a mutual benefit enterprise. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)