reglab/housing_qa huggingface dataset:
11 V.S.A. § 108
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 1 - Corporations Generally|§ 108. Banks, trust and mutual insurance companies

§ 108. Banks, trust and mutual insurance companies|A corporation organized under the provisions of 8 V.S.A. chapter 202 or 203, to conduct the business of a financial institution, and a mutual insurance company organized under the provisions of 8 V.S.A. chapter 101, may make such contributions for religious, charitable, scientific, literary, or educational purposes as are authorized by its directors or trustees to an amount not to exceed five percent of its net income for the previous calendar year computed in the manner specified by the Internal Revenue Code in effect during the year applicable for corporations. Contributions in excess of the five percent of the net income may be made by a vote of its stockholders, depositors, or members. (Amended 1967, No. 74, eff. April 6, 1967; 2011, No. 21, § 10.)
11 V.S.A. § 196
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 1 - Corporations Generally|§ 196. Power of historical corporations to amend articles

§ 196. Power of historical corporations to amend articles|(a) A corporation, not organized for profit, existing either by special act under the general law, formed for the purpose of erecting and maintaining monuments for the commemoration of historical events, or for the purpose of caring for and maintaining an historical monument owned by the State or located on its land, may, by vote of a majority of its members, amend its charter or articles of association so as to include therein the following powers:  (1) to own, establish, manage, and maintain a museum for the preservation of historical objects; (2) to maintain and preserve other historical monuments and markers; (3) to provide or remove limitations as to the number of its members; and (4) to provide for the payment of membership dues and for different classes of memberships with varying rates of dues.   (b) When such amendment is adopted, a certificate thereof shall be sent to the Secretary of State, executed by the president and clerk, or by a majority of the directors or trustees. The Secretary shall, without fee, record the same if it conforms generally to provisions of this chapter.
11 V.S.A. § 231
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 1 - Corporations Generally|§ 231. Acknowledgments by stockholder or officer

§ 231. Acknowledgments by stockholder or officer|A person legally qualified to take acknowledgments shall not be disqualified to take such acknowledgments to an instrument in which a corporation is a party, by reason of his or her being a stockholder in or an officer or employee of such corporation.
11 V.S.A. § 273
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 1 - Corporations Generally|§ 273. Public service corporations, powers of Commission

§ 273. Public service corporations, powers of Commission|In authorizing the issue by a corporation, subject to its jurisdiction, of stock without par value as provided by section 262 of this title, the Public Utility Commission shall ascertain the amount of money that is reasonably necessary for the corporation for which such issue of stock has been authorized by the corporation. The Commission shall fix the number of additional shares to be issued and the price per share at such number and prices as in its opinion the public interests shall require, taking into consideration the outstanding securities of the corporation, the value of its property devoted to the public use, the principal market value of such additional shares, and any other pertinent matters. (Amended 1959, No. 329 (Adj. Sess.), § 39, eff. March 1, 1961; 2017, No. 53, § 12.)
11 V.S.A. § 274
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 1 - Corporations Generally|§ 274. Attachment and sale of stock

§ 274. Attachment and sale of stock|Shares of the capital stock in a private corporation may be attached by actually seizing the certificate, or certificates, or by leaving a copy of the attachment with the clerk of such corporation, and such attachment shall be valid except as to holders for value. After receiving notice of the attachment, if the defendant transfers such stock or, if he or she has not previously transferred or pledged such stock, he or she refuses to deliver the same to the attaching officer on demand, he or she shall be liable for the conversion of the same. The purchaser of such stock at an execution sale shall cause the certificate, or certificates, of such stock with an attested copy of the execution and officers' return thereon to be left with the clerk of the corporation within 12 days after the sale, and the title of the stock so sold shall vest in the purchaser.
11 V.S.A. § 441
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 1 - Corporations Generally|§ 441. Corporation to produce books on notice

§ 441. Corporation to produce books on notice|(a) A corporation doing business within this State, whether organized under the laws of this or any other state or country, when notice therefor is served upon it according to the provisions of section 442 of this title, shall produce before any court, magistrate, grand jury, tribunal, or commission, acting under the authority of this State, all books, documents, correspondence, memoranda, papers, and data which may contain any information concerning any suit, proceedings, action, charge, or subject of inquiry pending before or to be determined by the court, magistrate, grand jury, tribunal, or commission, except a civil action in a Superior Court, and which have been made or kept at any time within this State, and are in the custody or control of the corporation in this State or elsewhere at the time of service of the notice upon it.(b) When notice therefor is served upon it according to the provisions of section 442 of this title, the corporation shall produce before any court, magistrate, grand jury, tribunal, or commission acting under the authority of this State, all books, documents, correspondence, memoranda, papers, and data which may contain any information concerning any suit, proceedings, action, charge, or subject of inquiry pending before or to be determined by the court, magistrate, grand jury, tribunal, or commission, except a civil action in a Superior Court, and which in any way relate to or contain entries, data, or memoranda concerning any transaction within this State or with any party residing or having a place of business within this State, and which are in the custody or control of the corporation in this State or elsewhere at the time of service of notice upon it. (Amended 1971, No. 185 (Adj. Sess.), § 27, eff. March 29, 1972; 1973, No. 193 (Adj. Sess.), § 3, eff. April 9, 1974; 2009, No. 154 (Adj. Sess.), § 64.)
11 V.S.A. § 442
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 1 - Corporations Generally|§ 442. Notice for production

§ 442. Notice for production|Such notice to produce shall issue from the court, magistrate, tribunal, or commission before which the production is required. The notice shall describe in a general way what is required to be produced, and shall state the time when and place where the production is required. Service of the notice shall be made in the same manner as the law provides for the service of a summons upon such corporation, and shall give such corporation at least six days' time within which to comply. When such corporation has no officer, agent, or attorney to receive service of process as provided by law, service of the notice may be made upon the manager of its business within this State, or the person in charge of its property within this State, or upon its attorney within this State, or upon the Secretary of State, in the same manner as the law provides for the service of a summons.
11 V.S.A. § 443
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 1 - Corporations Generally|§ 443. Contempt

§ 443. Contempt|When such corporation, without reasonable cause, neglects or refuses to comply with the requirement of such notice, it may be punished as for contempt by the court having jurisdiction in the premises to punish for contempt. Execution may issue for the collection of such fine as may be imposed for such contempt. The execution shall be served and all proceedings thereunder be governed according to the law relating to service and return of final process issuing from Superior Court. (Amended 1973, No. 193 (Adj. Sess.), § 3, eff. April 9, 1974.)
11 V.S.A. § 444
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 1 - Corporations Generally|§ 444. Injunction and receivership

§ 444. Injunction and receivership|Upon petition therefor made by the State's Attorney of the county in which such judgment for contempt is rendered, or by the Attorney General, the Superior Court may enjoin a corporation which has been adjudged in contempt under section 443 of this title from further exercising its corporate functions within this State, and if necessary for the protection of the creditors of such corporation, shall appoint a receiver to take possession of the property and estate of such corporation situated within this State. The receiver shall take, hold, administer, and dispose of such property and estate under the orders and directions of such Superior Court. Such court or any presiding judge of the Superior Court may grant a temporary injunction, appoint a temporary receiver, or make such other interlocutory orders or decrees as may be required to carry out the provisions of this section. (Amended 1973, No. 193 (Adj. Sess.), § 3, eff. April 9, 1974.)
11 V.S.A. § 561
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 1 - Corporations Generally|§ 561. Prohibited acts

§ 561. Prohibited acts|No corporation which is a "private foundation" as defined in section 509(a) of the Internal Revenue Code of 1986, shall:  (1) engage in any act of "self-dealing" (as defined in section 4941(d) of the Internal Revenue Code of 1986), which would give rise to any liability for the tax imposed by section 4941(a) of the Internal Revenue Code of 1986; (2) retain any "excess business holdings" (as defined in section 4943(c) of the Internal Revenue Code of 1986), which would give rise to any liability for the tax imposed by section 4943(a) of the Internal Revenue Code of 1986; (3) make any investment which would jeopardize the carrying out of any of its exempt purposes, within the meaning of section 4944 of the Internal Revenue Code of 1986, so as to give rise to any liability for the tax imposed by section 4944(a) of the Internal Revenue Code of 1986; and (4) make any "taxable expenditures" (as defined in section 4945(d) of the Internal Revenue Code of 1986) which would give rise to any liability for the tax imposed by section 4945(a) of the Internal Revenue Code of 1986. (1971, No. 112, § 1.)
11 V.S.A. § 562
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 1 - Corporations Generally|§ 562. Distributions required

§ 562. Distributions required|Each corporation which is a "private foundation" as defined in section 509 of the Internal Revenue Code of 1986 shall distribute, for the purposes specified in its articles of organization, for each taxable year, amounts at least sufficient to avoid liability for the tax imposed by section 4942(a) of the Internal Revenue Code of 1986. (1971, No. 112, § 2.)
11 V.S.A. § 563
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 1 - Corporations Generally|§ 563. Conformity with articles of association

§ 563. Conformity with articles of association|The provisions of sections 561 and 562 of this title shall not apply to any corporation to the extent that a court of competent jurisdiction shall determine that such application would be contrary to the terms of the articles of organization or other instrument governing such corporation or governing the administration of charitable funds held by it and that the same may not properly be changed to conform to such sections. (1971, No. 112, § 3.)
11 V.S.A. § 564
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 1 - Corporations Generally|§ 564. Powers of Attorney General

§ 564. Powers of Attorney General|Nothing in this act shall impair the rights and powers of the courts or the Attorney General of this State with respect to any corporation. (1971, No. 112, § 4.)
11 V.S.A. § 565
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 1 - Corporations Generally|§ 565. Trusts

§ 565. Trusts|In the administration of any trust which is a "private foundation," as defined in section 509 of the Internal Revenue Code of 1986, a "charitable trust," as defined in section 4947(a)(1) of the Internal Revenue Code of 1986, or a "split-interest trust" as defined in section 4947(a)(2) of the Internal Revenue Code of 1986, the following acts shall be prohibited:  (1) engaging in any act of "self-dealing" (as defined in section 4941(d) of the Internal Revenue Code of 1986), which would give rise to any liability for the tax imposed by section 4941(a) of the Internal Revenue Code of 1986; (2) retaining any "excess business holdings" (as defined in section 4943(c) of the Internal Revenue Code of 1954) which would give rise to any liability for the tax imposed by section 4943(a) of the Internal Revenue Code of 1986; (3) making any investments which would jeopardize the carrying out of any of the exempt purposes of the trust, within the meaning of section 4944 of the Internal Revenue Code of 1986, so as to give rise to any liability for the tax imposed by section 4944(a) of the Internal Revenue Code of 1986; and (4) making any "taxable expenditures" (as defined in section 4945(d) of the Internal Revenue Code of 1986) which would give rise to any liability for the tax imposed by section 4945(a) of the Internal Revenue Code of 1986;   provided, however, that this section shall not apply either to those split-interest trusts or to amounts thereof which are not subject to the prohibitions applicable to private foundations by reason of the provisions of section 4947 of the Internal Revenue Code of 1986. (1971, No. 112, § 5.)
11 V.S.A. § 566
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 1 - Corporations Generally|§ 566. Distribution required

§ 566. Distribution required|In the administration of any trust which is a "private foundation" as defined in section 509 of the Internal Revenue Code of 1986, or which is a "charitable trust" as defined in section 4947(a)(1) of the Internal Revenue Code of 1986, there shall be distributed, for the purposes specified in the trust instrument, for each taxable year, amounts at least sufficient to avoid liability for the tax imposed by section 4942(a) of the Internal Revenue Code of 1986. (1971, No. 112, § 6.)
11 V.S.A. § 567
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 1 - Corporations Generally|§ 567. Effect of trust instrument

§ 567. Effect of trust instrument|The provisions of sections 565 and 566 of this title shall not apply to any trust to the extent that a court of competent jurisdiction shall determine that such application would be contrary to the terms of the instrument governing such trust and that the same may not properly be changed to conform to such sections. (1971, No. 112, § 7.)
11 V.S.A. § 568
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 1 - Corporations Generally|§ 568. Future federal amendments

§ 568. Future federal amendments|All references to sections of the Internal Revenue Code of 1986 shall include future amendments to such sections and corresponding provisions of future internal revenue laws. (1971, No. 112, § 8.)
11 V.S.A. § 801
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 3 - Incorporation of Professional Persons|§ 801. Definitions

§ 801. Definitions|As used herein, unless the context clearly indicates that a different meaning is intended:  (1) "Professional corporation" means a corporation organized under this chapter. (2) "Professional service" means any type of personal service rendered to the public which requires as a condition precedent to the rendering of such service the obtaining of a license or other legal authorization, and which, prior to the passage of this chapter, could not, by reason of law, be performed by a corporation. (1963, No. 218, § 2, eff. July 3, 1963.)
11 V.S.A. § 802
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 3 - Incorporation of Professional Persons|§ 802. Articles of association

§ 802. Articles of association|One or more individuals, each of whom is licensed to render a professional service, may incorporate a professional corporation by filing articles of association with the Secretary of State. The articles of association shall meet the requirements of the general corporation law under chapter 17 of this title, except that the number of incorporators or directors may be the same as the number of individuals incorporating. In addition thereto, it shall contain the following:  (1) the profession to be practiced through the professional corporation; (2) the names and residence addresses of all of the original shareholders, directors and officers of the professional corporation; and (3) a certificate by the regulating board of the profession involved that each of the incorporators, directors, and shareholders is duly licensed to practice such profession. (1963, No. 218, § 3, eff. July 3, 1963; amended 1981, No. 64; 1983, No. 127 (Adj. Sess.), § 1.)
11 V.S.A. § 803
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 3 - Incorporation of Professional Persons|§ 803. Applicability of general corporation law

§ 803. Applicability of general corporation law|The general corporation law under chapters 1 and 17 of this title shall be applicable to professional corporations and they shall enjoy the powers and privileges and be subject to the duties, restrictions, and liabilities of other corporations, except where inconsistent with the letter and purpose of this chapter. This chapter shall take precedence in the event of any conflict with provisions of the general corporation law or other laws. (1963, No. 218, § 4, eff. July 3, 1963.)
11 V.S.A. § 804
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 3 - Incorporation of Professional Persons|§ 804. Purpose for which incorporated

§ 804. Purpose for which incorporated|A professional corporation may be organized pursuant to the provisions of this chapter only for the purpose of rendering one specific type of professional service and services ancillary thereto and shall not engage in any other business than rendering the professional service which it was organized to render and services ancillary thereto; provided, however, that a professional corporation may own real and personal property necessary or appropriate for rendering the type of professional services which it was organized to render and may make such investment of its funds as is applicable for other corporations. (1963, No. 218, § 5, eff. July 3, 1963.)
11 V.S.A. § 805
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 3 - Incorporation of Professional Persons|§ 805. Issuance and transfer of shares

§ 805. Issuance and transfer of shares|A professional corporation may issue the shares of its capital stock only to persons who are duly licensed to render the same specific professional service as those for which the corporation was organized. A shareholder may voluntarily transfer his or her shares in a professional corporation only to a person who is duly licensed to render the same specific professional services as those for which the corporation was organized. Any shares issued in violation of this section shall be null and void. The voluntary transfer of any shares in violation of this section shall be null and void. No shares may be transferred upon the books of the professional corporation or issued by it until there is presented to and filed with the corporation a certificate by the regulating board stating that the person to whom the transfer is to be made or the shares issued is duly licensed to render the same specific professional services as those for which the corporation was organized. (1963, No. 218, § 6, eff. July 3, 1963.)
11 V.S.A. § 806
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 3 - Incorporation of Professional Persons|§ 806. Officers, directors and shareholders

§ 806. Officers, directors and shareholders|No person may be an officer, director, or shareholder of a professional corporation who is not duly licensed to render the same specific professional services as those for which the corporation was organized. No person may be simultaneously an officer, director, or shareholder of more than one professional corporation. (1963, No. 218, § 7, eff. July 3, 1963.)
11 V.S.A. § 807
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 3 - Incorporation of Professional Persons|§ 807. Professional services through officers, employees, agents

§ 807. Professional services through officers, employees, agents|A professional corporation may render professional services only through its officers, employees, and agents, who are duly licensed to render such professional services. However, this provision shall not be interpreted to prohibit the employment by a professional corporation of clerks, secretaries, bookkeepers, technicians, and other assistants who are not usually and ordinarily considered by custom and practice to be rendering professional services to the public for which the license is required. (1963, No. 218, § 8, eff. July 3, 1963.)
11 V.S.A. § 808
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 3 - Incorporation of Professional Persons|§ 808. Professional relationship and liability

§ 808. Professional relationship and liability|This chapter does not alter the law involving liability of any person employed by the corporation arising out of professional services, and including the confidential relationship between the person rendering the professional service and the person receiving such professional service, if any, and all confidential relationship previously enjoyed under the laws of this state shall remain inviolate. (1963, No. 218, § 9, eff. July 3, 1963.)
11 V.S.A. § 809
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 3 - Incorporation of Professional Persons|§ 809. Professional regulation

§ 809. Professional regulation|Nothing in this chapter shall restrict or limit in any manner the authority and duty of the regulating boards for the licensing of individual persons rendering professional services or the practice of the profession which is within the jurisdiction of such regulating board, notwithstanding the fact that such a person is an officer, director, shareholder, or employee of a professional corporation and rendering such professional services or engaging in the practice of such profession through such professional corporation. (1963, No. 218, § 10, eff. July 3, 1963.)
11 V.S.A. § 810
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 3 - Incorporation of Professional Persons|§ 810. Prohibited acts

§ 810. Prohibited acts|No professional corporation may do any act which is prohibited to be done by individual persons licensed to practice the profession which the professional corporation is organized to render. (1963, No. 218, § 11, eff. July 3, 1963.)