# 8 V.S.A. § 3308: List of stockholders; certificate to transact business; liability of president and directors

> Vermont · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3308

## Section

- **Citation:** 8 V.S.A. § 3308
- **Heading:** List of stockholders; certificate to transact business; liability of president and directors
- **Jurisdiction:** Vermont
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** VT Code / Title 8 / Chapter 101 / Section 3308

## Text

When the entire capital stock of a corporation having capital stock has been issued, a complete list of the stockholders with the name and post office address of each and the number of shares held by each shall be filed with the Commissioner, who shall examine the corporation. If, after such examination, it appears that the whole capital stock has been paid in cash, and the Commissioner has considered the criteria in section 3361 of this chapter, the Commissioner shall issue a certificate under his or her seal authorizing the corporation to begin the transaction of business, which shall be filed with the Secretary of State. A corporation having capital stock shall not begin the transaction of business until the certificate has been issued and filed. If a corporation commences business before a certificate is issued and filed, the president and directors assenting thereto are personally liable for all debts incurred before the certificate is issued and filed.

## Nearby sections

- [8 V.S.A. § 3301 § 3301. Purposes](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3301.md)
- [8 V.S.A. § 3301a § 3301a. Insurance defined](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3301a.md)
- [8 V.S.A. § 3302 § 3302. Plan of organization; incorporators](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3302.md)
- [8 V.S.A. § 3303 § 3303. Mutual companies; directors, charter provisions as to](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3303.md)
- [8 V.S.A. § 3304 § 3304. Capital and surplus requirements](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3304.md)
- [8 V.S.A. § 3305 § 3305. Petition; hearing](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3305.md)
- [8 V.S.A. § 3306 § 3306. Duties of Secretary of State, records](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3306.md)
- [8 V.S.A. § 3307 § 3307. Consideration for stock](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3307.md)
- [8 V.S.A. § 3308 § 3308. List of stockholders; certificate to transact business; liability of president and directors](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3308.md)
- [8 V.S.A. § 3308a § 3308a. Reorganization formations](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3308a.md)
- [8 V.S.A. § 3309 § 3309. Mutual insurers to commence business; when](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3309.md)
- [8 V.S.A. § 3310 § 3310. Amendment of charter](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3310.md)
- [8 V.S.A. § 3311 § 3311. Quorum](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3311.md)
- [8 V.S.A. § 3312 § 3312. Construction with other laws](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3312.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3308. Check the current official text before relying on it. Not legal advice.