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16 chapters · 166 sections in this title.
11B V.S.A. ch. 013, § 13.01 Prohibited distributions
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§ 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.)
11B V.S.A. ch. 013, § 13.02 Authorized distributions
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§ 13.02. Authorized distributions (a) A mutual benefit corporation may purchase its memberships if after the purchase is completed: (1) the corporation would be able to pay its debts as they become due in the usual course of its activities; and (2) the corporation’s total assets …