LegalFix
Sign In

§ 3027 Dissolution-Cooperative not commencing business

30 V.S.A. § 3027 (N/A)
Copy with citation
Copy as parenthetical citation

§ 3027. Dissolution-Cooperative not commencing business

A cooperative that has not commenced business may be dissolved by delivering to the Secretary of State a certificate of dissolution, which shall be executed and acknowledged on behalf of the cooperative by a majority of the incorporators and which shall state:

(1) the name of the cooperative;

(2) the address of its principal office;

(3) that the cooperative has not commenced business;

(4) that any sums received by the cooperative, less any part thereof disbursed for expenses of the cooperative, have been returned or paid to those entitled thereto;

(5) that no debt of the cooperative is unpaid; and

(6) that a majority of the incorporators elect that the cooperative be dissolved.

Previous Section
§ 3026 Private corporation, change
Next Section
§ 3028 Dissolution of cooperatives