11 V.S.A. § 831: Notice of professional corporation status on shares
Where this section sits in the code
- Title 11: Corporations, Partnerships and Associations
- Chapter 004: Professional Corporations
- Subchapter 003: SHARES
(a) The following statement must appear conspicuously on each share certificate issued by a professional corporation:
“The transfer of shares of a professional corporation is restricted by the Vermont Professional Corporation Chapter, and is subject to further restriction imposed from time to time by the licensing authority. Shares of a professional corporation are also subject to a statutory compulsory repurchase obligation.”
(b) Within a reasonable time after the issuance or transfer of uncertificated shares of a professional corporation, the corporation shall send the shareholders a written notice, containing the statement required by subsection (a) of this section.
Collected 2026-09-05T15:53:51Z. Source file · JSON