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Terms Used In Vermont Statutes Title 8 Sec. 4361

  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.

§ 4361. Mutual associations authorized

Employers who are subject to the requirements of 21 Vt. Stat. Ann. chapter 9 may, with the approval of the Commissioner, associate themselves in accordance with the law for the formation of corporations without capital stock for the purpose of establishing and maintaining mutual associations to insure their liabilities under 21 Vt. Stat. Ann. chapter 9. (Amended 1981, No. 165 (Adj. Sess.), § 1; 2021, No. 105 (Adj. Sess.), § 178, eff. July 1, 2022.)