§ 105. Purpose and duration of mutual benefit enterprise
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VT Code › Title 11C › Chapter 1 › Section 105
This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.
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(a) A mutual benefit enterprise is an entity distinct from its members.
(b) A mutual benefit enterprise may be organized for any lawful purpose, whether or not for profit.
(c) Unless the articles of organization state a term for a mutual benefit enterprise's existence, the enterprise has perpetual duration.
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