{"data":{"id":"us-vt/8-v.s.a.-3445","jurisdiction":"us-vt","citation":"8 V.S.A. § 3445","heading":"Membership interest not a security","body":"A membership interest in a domestic mutual insurance holding company shall not constitute a security as defined by 9 V.S.A. § 4202a.","path":["Title 8: Banking and Insurance","Chapter 101: Insurance Companies Generally","Subchapter 003A: MUTUAL INSURANCE HOLDING COMPANIES"],"source_url":"https://legislature.vermont.gov/statutes/section/08/101/03445","current_through":"2025 session","vintage":"","retrieved_at":"2026-09-05T13:42:21Z","sha256":"d57b743a639ca6aa7c5dc2ffc3f4082f08cf74d479e2d3dcc48f0766e308f0e2","source_id":"us-vt","stale":false,"prev":"us-vt/8-v.s.a.-3444","next":"us-vt/8-v.s.a.-3446"},"notice":"GroundRules: Original legal text. Not legal advice."}