Vermont Statutes Title 11 Sec. 15-33
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Terms Used In Vermont Statutes Title 11 Sec. 15-33
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Proceeding: includes civil suit and criminal, administrative, and investigatory action. See
- State: when applied to the different parts of the United States may apply to the District of Columbia and any territory and the Commonwealth of Puerto Rico. See
§ 15.33. Involuntary termination by judicial proceeding
Upon petition by the Attorney General, the Superior Court of Washington County may terminate the certificate of authority of a foreign corporation if it is established that the corporation has continued to exceed or abuse the authority conferred upon it under the laws of this State. (Added 1993, No. 85, § 2, eff. Jan. 1, 1994.)