Vermont Statutes Title 11 Sec. 881
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Terms Used In Vermont Statutes Title 11 Sec. 881
- 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.
§ 881. Compliance with ownership provisions
Notwithstanding the ownership limitations imposed by this chapter, persons who are authorized pursuant to 26 V.S.A chapter to own shares of an organization rendering licensed accounting services may own shares of a professional corporation pursuant to section 830 of this title, and such organizations with nonlicensee owners shall be deemed to comply with sections 840, 860, 861, and 871 of this title by complying with the ownership and governance requirements 26 Vt. Stat. Ann. chapter 1. (Added 2001, No. 77 (Adj. Sess.), § 1.)