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Home » US Law » 2022 Vermont Statutes » Title 11C - Mutual Benefit Enterprises » Chapter 14 - Foreign Enterprises

§ 1401. Governing law

§ 1401. Governing law (a) The law of the State or other jurisdiction under which a foreign enterprise is organized governs relations among the members of the foreign enterprise and between the members and the foreign enterprise. (b) A foreign enterprise may not be denied a certificate of authority because of any difference between the […]

§ 1402. Application for certificate of authority

§ 1402. Application for certificate of authority (a) A foreign enterprise may apply for a certificate of authority by delivering an application to the Secretary of State for filing. The application shall state: (1) the name of the foreign enterprise and, if the name does not comply with section 111 of this title, an alternative […]

§ 1403. Activities not constituting transacting business

§ 1403. Activities not constituting transacting business (a) Activities of a foreign enterprise that do not constitute transacting business in this State under this article include: (1) maintaining, defending, and settling an action or proceeding; (2) holding meetings of the foreign enterprise’s members or directors or carrying on any other activity concerning the foreign enterprise’s […]

§ 1404. Issuance of certificate of authority

§ 1404. Issuance of certificate of authority Unless the Secretary of State determines that an application for a certificate of authority does not comply with the filing requirements of this title, the Secretary of State, upon payment by the foreign enterprise of all filing fees, shall file the application, issue a certificate of authority, and […]

§ 1405. Noncomplying name of foreign enterprise

§ 1405. Noncomplying name of foreign enterprise (a) A foreign enterprise whose name does not comply with section 111 of this title may not obtain a certificate of authority until it adopts, for the purpose of transacting business in this State, an alternative name that complies with section 111. A foreign enterprise that adopts an […]

§ 1406. Revocation of certificate of authority

§ 1406. Revocation of certificate of authority (a) A certificate of authority may be revoked by the Secretary of State in the manner provided in subsection (b) of this section if the foreign enterprise does not: (1) pay, not later than 60 days after the due date, any fee, tax, or penalty due to the […]

§ 1407. Cancellation of certificate of authority; effect of failure to have certificate

§ 1407. Cancellation of certificate of authority; effect of failure to have certificate (a) To cancel its certificate of authority, a foreign enterprise shall deliver to the Secretary of State for filing a notice of cancellation. The certificate is canceled when the notice becomes effective under section 203 of this title. (b)(1) A foreign enterprise […]

§ 1408. Action by Attorney General

§ 1408. Action by Attorney General The Attorney General may maintain an action in the Civil Division of the Superior Court to collect the penalties imposed in section 1407 of this title and to restrain a foreign enterprise from transacting business in this State in violation of this chapter. (Added 2011, No. 84 (Adj. Sess.), […]