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Current as of January 01, 2024 | Updated by Findlaw Staff
This chapter shall apply only to close corporations organized under this chapter. The provisions of this title other than those set forth in this chapter shall apply to close corporations in the absence of a contrary or inconsistent provision in this chapter. A corporation whose status as a close corporation terminates shall immediately become subject to the obligations and rights of a general corporation as provided in this title.
Cite this article: FindLaw.com - Vermont Statutes Title 11 A. Vermont Business Corporations, § 20.01. Law applicable - last updated January 01, 2024 | https://codes.findlaw.com/vt/title-11-a-vermont-business-corporations/vt-st-tit-11a-sect-20-01/
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