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17 chapters · 157 sections in this title.
11C V.S.A. ch. 010, § 1001 Members’ contributions
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§ 1001. Members’ contributions The organic rules shall establish the amount, manner, or method of determining any contribution requirements for members or shall authorize the board of directors to establish the amount, manner, or other method of determining any contribution requi…
11C V.S.A. ch. 010, § 1002 Contribution and valuation
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§ 1002. Contribution and valuation (a) Unless the organic rules otherwise provide, the contributions of a member to a mutual benefit enterprise may consist of tangible or intangible property or other benefit to the enterprise, including money, labor, or other services performed o…
11C V.S.A. ch. 010, § 1003 Contribution agreements
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§ 1003. Contribution agreements (a) Except as otherwise provided in the agreement, the following rules apply to an agreement made by a person before formation of a mutual benefit enterprise to make a contribution to the enterprise: (1) The agreement is irrevocable for six months …
11C V.S.A. ch. 010, § 1004 Allocations of profits and losses
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§ 1004. Allocations of profits and losses (a) The organic rules may provide for allocating profits of a mutual benefit enterprise among members, among persons that are not members but conduct business with the enterprise, to an unallocated account, or to any combination thereof. …