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Terms Used In Vermont Statutes Title 11 Sec. 880

  • 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.

§ 880. Application to existing corporations

(a) This chapter does not apply to a corporation now existing unless the corporation elects professional corporation status under section 820 of this title.

(b) This chapter does not affect an existing or future right or privilege to render professional services through the use of any other form of business entity. (Added 2001, No. 77 (Adj. Sess.), § 1.)