{"data":{"id":"us-vt/11c-v.s.a.-105","jurisdiction":"us-vt","citation":"11C V.S.A. § 105","heading":"Purpose and duration of mutual benefit enterprise","body":"(a) A mutual benefit enterprise is an entity distinct from its members.\n(b) A mutual benefit enterprise may be organized for any lawful purpose, whether or not for profit.\n(c) Unless the articles of organization state a term for a mutual benefit enterprise’s existence, the enterprise has perpetual duration.","path":["Title 11C: Mutual Benefit Enterprises","Chapter 001: General Provisions"],"source_url":"https://legislature.vermont.gov/statutes/section/11C/001/00105","current_through":"2025 session","vintage":"","retrieved_at":"2026-09-05T16:20:57Z","sha256":"31d4e71604939897663ea246a660fa9a1cfc482ee1e6383a949f4e4f08b95d1d","source_id":"us-vt","stale":false,"prev":"us-vt/11c-v.s.a.-104","next":"us-vt/11c-v.s.a.-106"},"notice":"GroundRules: Original legal text. Not legal advice."}