Vermont Statutes Title 11 Sec. 207
Terms Used In Vermont Statutes Title 11 Sec. 207
- Certificate of authority: means a certificate issued by the Secretary of State for a foreign enterprise to transact business in this State. See
- Designated office: means the office that a mutual benefit enterprise or a foreign enterprise is required to designate and maintain under subdivision 117(a)(1) of this title. See
- Director: means a director of a mutual benefit enterprise. See
- following: when used by way of reference to a section of the law shall mean the next preceding or following section. See
- Foreign enterprise: means an entity organized in a jurisdiction other than this State under a law similar to this title. See
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Mutual benefit enterprise: means an enterprise organized under this title. See
- Principal office: means the principal executive office of a mutual benefit enterprise or foreign enterprise, whether or not in this State. See
- Service of process: The service of writs or summonses to the appropriate party.
- State: means a state of the United States, District of Columbia, Puerto Rico, the U. See
§ 207. Annual report for Secretary of State
(a) A mutual benefit enterprise or foreign enterprise authorized to transact business in this State shall deliver to the Secretary of State for filing an annual report that states:
(1) the name of the enterprise or foreign enterprise;
(2) the street address and, if different, mailing address of the enterprise’s or foreign enterprise’s designated office and the name of its agent for service of process at the designated office;
(3) the street address and, if different, mailing address of the enterprise’s or foreign enterprise’s principal office;
(4) the name and business address of any director or officer; and
(5) in the case of a foreign enterprise, the state or other jurisdiction under whose law the foreign enterprise is formed and any alternative name adopted under section 1405 of this title.
(b) Information in an annual report shall be current as of the date the report is delivered to the Secretary of State.
(c) A mutual benefit enterprise or foreign enterprise authorized to transact business in this State shall deliver its annual report to the Secretary for filing between January 1 and April 1 of each year, beginning in the year following the calendar year in which the mutual benefit enterprise is formed or the foreign enterprise is authorized to transact business in this State.
(d) If an annual report does not contain the information required by subsection (a) of this section, the Secretary of State shall promptly notify the reporting mutual benefit enterprise or foreign enterprise and return the report for correction. If the report is corrected to contain the information required by subsection (a) of this section and delivered to the Secretary of State not later than 30 days after the date of the notice from the Secretary of State, it is timely delivered.
(e) If a filed annual report contains an address of the designated office, the name or business address of a director or officer, or address of the principal office which differs from the information shown in the records of the Secretary of State immediately before the filing, the differing information in the annual report is considered a statement of change.
(f) If a mutual benefit enterprise fails to deliver an annual report under this section, the Secretary of State may proceed under section 1211 of this title to dissolve the enterprise administratively.
(g) If a foreign enterprise fails to deliver an annual report under this section, the Secretary of State may revoke the certificate of authority of the enterprise. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)