{"data":{"id":"us-vt/11c-v.s.a.-1202","jurisdiction":"us-vt","citation":"11C V.S.A. § 1202","heading":"Nonjudicial dissolution","body":"Except as otherwise provided in sections 1203 and 1211 of this title, a mutual benefit enterprise is dissolved and its activities shall be wound up:\n(1) upon the occurrence of an event or at a time specified in the articles of organization;\n(2) upon the action of the enterprise’s organizers, board of directors, or members under section 1204 or 1205 of this title; or\n(3) 90 days after the dissociation of a member, which results in the enterprise having one patron member and no other members, unless the enterprise:\n(A) has a sole member that is a cooperative; or\n(B) not later than the end of the 90-day period, admits at least one member in accordance with the organic rules and has at least two members, at least one of which is a patron member.","path":["Title 11C: Mutual Benefit Enterprises","Chapter 012: Dissolution"],"source_url":"https://legislature.vermont.gov/statutes/section/11C/012/01202","current_through":"2025 session","vintage":"","retrieved_at":"2026-09-05T16:26:27Z","sha256":"7d92c8d82fd06caedb8d61beb4d8947fc88be8236ccc017dafaf3dd55b53e172","source_id":"us-vt","stale":false,"prev":"us-vt/11c-v.s.a.-1201","next":"us-vt/11c-v.s.a.-1203"},"notice":"GroundRules: Original legal text. Not legal advice."}