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18 chapters · 435 sections in this title.
11 V.S.A. ch. 025, § 4122 Designation of controlling foreign law
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§ 4122. Designation of controlling foreign law (a) A foreign law limited liability company shall designate in its articles of organization all the following: (1) a specific law or body of law of a foreign jurisdiction, either within or outside the United States of America, that w…
11 V.S.A. ch. 025, § 4123 Scope of designated foreign law
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§ 4123. Scope of designated foreign law (a) In any disputes over the internal governance affairs of a foreign law limited liability company, the designated foreign law or body of law shall be applied by any court having jurisdiction over the parties as the binding authority gover…
11 V.S.A. ch. 025, § 4124 Jurisdiction
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§ 4124. Jurisdiction (a) Vermont and other courts designated pursuant to section 4122 of this title shall have jurisdiction over all disputes relating to the internal governance affairs of a foreign law limited liability company. (b) In adjudicating any dispute relating to the in…
11 V.S.A. ch. 025, § 4131 Direct action by member
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§ 4131. Direct action by member (a) Subject to subsection (b) of this section, a member may maintain a direct action against another member, a manager, or the limited liability company to enforce the member’s rights and protect the member’s interests, including rights and interes…