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§ 504 — Vermont Law | CourtGPT
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Vermont Legal Code

§ 504

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No liability as member for enterprise’s obligations Unless the articles of organization otherwise provide, a debt, obligation, or other liability of a mutual benefit enterprise is solely that of the enterprise and is not the debt, obligation, or liability of a member solely by reason of being a member. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)