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16 chapters · 166 sections in this title.
11B V.S.A. ch. 003, § 3.01 Purposes
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§ 3.01. Purposes (a) A corporation may be organized under this chapter for any lawful purpose or purposes, including, without being limited to, any one or more of the following purposes: charitable; benevolent; eleemosynary; educational; civic; patriotic; political; religious; so…
11B 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 or convenient to carry out its affairs, including witho…
11B V.S.A. ch. 003, § 3.03 Ultra vires
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§ 3.03. 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 in a proceeding against the cor…