# 11C V.S.A. § 104: Nature of mutual benefit enterprise

> Vermont · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_VT_T11C_C1_S104

## Section

- **Citation:** 11C V.S.A. § 104
- **Heading:** Nature of mutual benefit enterprise
- **Jurisdiction:** Vermont
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** VT Code / Title 11C / Chapter 1 / Section 104

## Text

(a) A mutual benefit enterprise organized under this title is an autonomous, unincorporated association of persons united to meet their mutual interests through a jointly owned enterprise primarily controlled by those persons, which permits combining:

(1) ownership, financing, and receipt of benefits by the members for whose interests the enterprise is formed; and

(2) separate investments in the enterprise by members who may receive returns on their investments and a share of control.

(b) The fact that a mutual benefit enterprise does not have one or more of the characteristics described in subsection (a) of this section does not alone prevent the enterprise from being formed under and governed by this title nor does it alone provide a basis for an action against the enterprise.

## Nearby sections

- [11C V.S.A. § 101 § 101. Short title](https://www.frixlaw.com/law-library/statutes/STATE_VT_T11C_C1_S101.md)
- [11C V.S.A. § 102 § 102. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_VT_T11C_C1_S102.md)
- [11C V.S.A. § 103 § 103. Mutual benefit enterprise subject to amendment or repeal](https://www.frixlaw.com/law-library/statutes/STATE_VT_T11C_C1_S103.md)
- [11C V.S.A. § 104 § 104. Nature of mutual benefit enterprise](https://www.frixlaw.com/law-library/statutes/STATE_VT_T11C_C1_S104.md)
- [11C V.S.A. § 105 § 105. Purpose and duration of mutual benefit enterprise](https://www.frixlaw.com/law-library/statutes/STATE_VT_T11C_C1_S105.md)
- [11C V.S.A. § 106 § 106. Powers](https://www.frixlaw.com/law-library/statutes/STATE_VT_T11C_C1_S106.md)
- [11C V.S.A. § 107 § 107. Governing law](https://www.frixlaw.com/law-library/statutes/STATE_VT_T11C_C1_S107.md)
- [11C V.S.A. § 108 § 108. Supplemental principles of law](https://www.frixlaw.com/law-library/statutes/STATE_VT_T11C_C1_S108.md)
- [11C V.S.A. § 109 § 109. Requirements of other laws](https://www.frixlaw.com/law-library/statutes/STATE_VT_T11C_C1_S109.md)
- [11C V.S.A. § 110 § 110. Relation to restraint of trade and antitrust laws](https://www.frixlaw.com/law-library/statutes/STATE_VT_T11C_C1_S110.md)
- [11C V.S.A. § 111 § 111. Name](https://www.frixlaw.com/law-library/statutes/STATE_VT_T11C_C1_S111.md)
- [11C V.S.A. § 112 § 112. Reservation of name](https://www.frixlaw.com/law-library/statutes/STATE_VT_T11C_C1_S112.md)
- [11C V.S.A. § 113 § 113. Effect of organic rules](https://www.frixlaw.com/law-library/statutes/STATE_VT_T11C_C1_S113.md)
- [11C V.S.A. § 114 § 114. Required information](https://www.frixlaw.com/law-library/statutes/STATE_VT_T11C_C1_S114.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_VT_T11C_C1_S104. Check the current official text before relying on it. Not legal advice.