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17 chapters · 216 sections in this title.
11A V.S.A. ch. 003, § 3.01 Purposes
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§ 3.01. Purposes (a) Every corporation incorporated under this title has the purpose of engaging in any lawful business unless a more limited purpose is set forth in the articles of incorporation. (b) A corporation engaging in a business that is subject to regulation under anothe…
11A V.S.A. ch. 003, § 3.02 General powers
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§ 3.02. General powers Unless its articles of incorporation provide otherwise, every corporation has perpetual duration and succession in its corporate name and has the same powers as an individual to do all things necessary and convenient to carry out its business and affairs, i…
11A V.S.A. ch. 003, § 3.04 Ultra vires
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§ 3.04. Ultra vires (a) Except as provided in subsection (b) of this section, the validity of corporate action may not be challenged on the ground that the corporation lacks or lacked power to act. (b) A corporation’s power to act may be challenged: (1) in a proceeding by a share…