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Current as of January 01, 2024 | Updated by FindLaw Staff
A cooperative that has not commenced business may be dissolved by delivering to the Secretary of State a certificate of dissolution, which shall be executed and acknowledged on behalf of the cooperative by a majority of the incorporators and which shall state:
(1) the name of the cooperative;
(2) the address of its principal office;
(3) that the cooperative has not commenced business;
(4) that any sums received by the cooperative, less any part thereof disbursed for expenses of the cooperative, have been returned or paid to those entitled thereto;
(5) that no debt of the cooperative is unpaid; and
(6) that a majority of the incorporators elect that the cooperative be dissolved.
Cite this article: FindLaw.com - Vermont Statutes Title 30. Public Service, § 3027. Dissolution--Cooperative not commencing business - last updated January 01, 2024 | https://codes.findlaw.com/vt/title-30-public-service/vt-st-tit-30-sect-3027/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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