11A V.S.A. § 14.03: Articles of dissolution; content of notice; notice to Department of Labor regarding unpaid wages
Where this section sits in the code
- Title 11A: Vermont Business Corporations
- Chapter 014: Dissolution
- Subchapter 001: VOLUNTARY DISSOLUTION
(a) At any time after dissolution is authorized, the corporation may dissolve by delivering to the Secretary of State for filing articles of dissolution setting forth:
(1) the name of the corporation;
(2) the date dissolution was authorized;
(3) if dissolution was approved by the shareholders:
(A) the number of votes entitled to be cast on the proposal to dissolve; and
(B) either the total number of votes cast for and against dissolution or the total number of undisputed votes cast for dissolution and a statement that the number cast for dissolution was sufficient for approval;
(4) if voting by voting groups was required, the information required by subdivision (3) of this subsection, separately provided for each voting group entitled to vote separately on the plan to dissolve;
(5) a statement as to the settlement of debts, the distribution of property, and the status of pending litigation;
(6) a statement whether the corporation owes any unpaid wages to its employees.
(b) Subject to the provisions of section 14.09 of this title, a corporation is dissolved upon the effective date of its articles of dissolution.
(c) If a corporation owes unpaid wages to its employees, it shall also file a statement to that effect with the Department of Labor.
Collected 2026-09-05T16:09:36Z. Source file · JSON