Close Corporations

  1. Law
  2. Vermont Statutes
  3. Vermont Business Corporations
  4. Close Corporations

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Section
20.01

Law applicable

Section
20.02

Close corporation defined

Section
20.03

Incorporation of a close corporation

Section
20.04

Election of existing corporation to become a close corporation

Section
20.05

Additional articles of incorporation

Section
20.06

Bylaws

Section
20.07

Annual meeting

Section
20.08

Elimination of board of directors

Section
20.09

Shareholder agreements

Section
20.10

Merger or consolidation

Section
20.11

Limitations on continuation of close corporation status

Section
20.12

Voluntary termination of close corporation status by amendment of articles of incorporation; vote required

Section
20.13

Shareholders' option to dissolve corporation

Section
20.14

Involuntary termination of close corporation status; proceeding to prevent loss of status

Section
20.15

Judicial dissolution

Section
20.16

Special voting requirements