18 chapters · 435 sections in this title.
11 V.S.A. ch. 025, § 4001 Definitions
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§ 4001. Definitions As used in this chapter: (1) “Articles of organization” means initial, amended, and restated articles of organization and articles of merger. In the case of a foreign limited liability company, the term includes all documents serving a similar function require…
11 V.S.A. ch. 025, § 4002 Knowledge and notice
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§ 4002. Knowledge and notice (a) A person knows a fact if the person has actual knowledge of it. (b) A person has notice of a fact if the person: (1) has received a notification of the fact; (2) has reason to know of the fact from all of the facts known to the person at the time …
11 V.S.A. ch. 025, § 4003 Effect of operating agreement; nonwaivable provisions
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§ 4003. Effect of operating agreement; nonwaivable provisions (a) Except as otherwise provided in subsection (b) of this section, an operating agreement regulates the affairs of the company and the conduct of its business and governs relations among the members, among the manager…
11 V.S.A. ch. 025, § 4004 Supplemental principles of law
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§ 4004. Supplemental principles of law (a) Unless displaced by particular provisions of this chapter, the principles of law and equity supplement this chapter. (b) If an obligation to pay interest arises under this chapter and the rate is not specified, the rate shall be 12 perce…