reglab/housing_qa huggingface dataset:
11 V.S.A. § 842
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 4 - Professional Corporations|§ 842. Confidential relationship

§ 842. Confidential relationship|(a) The relationship between an individual rendering professional services as an employee of a domestic or foreign professional corporation and his or her client or patient is the same as if the individual were rendering the services as a sole practitioner.(b) The relationship between a domestic or foreign professional corporation and the client or patient for whom its employee is rendering professional services is the same as that between the client or patient and the employee. (Added 2001, No. 77 (Adj. Sess.), § 1.)
11 V.S.A. § 843
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 4 - Professional Corporations|§ 843. Privileged communications

§ 843. Privileged communications|A privilege applicable to communications between an individual rendering professional services and the person receiving the services recognized under the statute or common law of the state is not affected by this chapter. The privilege applies to a domestic or foreign professional corporation and to its employees in all situations in which it applies to communications between an individual rendering professional services on behalf of the corporation and the person receiving the services. (Added 2001, No. 77 (Adj. Sess.), § 1.)
11 V.S.A. § 844
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 4 - Professional Corporations|§ 844. Responsibility for professional services

§ 844. Responsibility for professional services|(a) An obligation of a professional corporation, whether arising in contract, tort, or otherwise, is solely the obligation of the professional corporation.(b) Except as otherwise provided by statute, if a domestic or foreign professional corporation is liable under subsection (a) of this section, every shareholder of the corporation is liable to the same extent as if he or she were a partner in a limited liability partnership pursuant to subsection 3226(c) of this title. (Added 2001, No. 77 (Adj. Sess.), § 1.)
11 V.S.A. § 850
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 4 - Professional Corporations|§ 850. Merger

§ 850. Merger|(a) If all the shareholders of the disappearing and surviving corporations are qualified to be shareholders of the surviving corporation, a professional corporation may merge with another domestic or foreign professional corporation or with a domestic or foreign business corporation.(b) If the surviving corporation is to render professional services in this State, it must comply with this chapter. (Added 2001, No. 77 (Adj. Sess.), § 1.)
11 V.S.A. § 851
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 4 - Professional Corporations|§ 851. Termination of professional activities

§ 851. Termination of professional activities|If a professional corporation ceases to render professional services, it must amend its articles of incorporation to delete references to rendering professional services and to conform its corporate name to the requirements of 11A V.S.A. § 4.01. After the amendment becomes effective, the corporation may continue in existence as a business corporation under Title 11A, and it is no longer subject to this chapter. (Added 2001, No. 77 (Adj. Sess.), § 1.)
11 V.S.A. § 852
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 4 - Professional Corporations|§ 852. Judicial dissolution

§ 852. Judicial dissolution|The Attorney General may commence a proceeding under 11A V.S.A. §§ 14.30-14.33 to dissolve a professional corporation, if:  (1) the Secretary of State or a licensing authority with jurisdiction over a professional service described in the corporation's articles of incorporation serves written notice on the corporation under 11A V.S.A. § 5.04 that it has violated or is violating a provision of this chapter; (2) the corporation does not correct each alleged violation, or demonstrate to the reasonable satisfaction of the Secretary of State or licensing authority that it did not occur, within 60 days after service of the notice is perfected under 11A V.S.A. § 5.04; and (3) the Secretary of State or licensing authority certifies to the Attorney General a description of the violation, that it notified the corporation of the violation, and that the corporation did not correct it, or demonstrate that it did not occur, within 60 days after perfection of service of the notice. (Added 2001, No. 77 (Adj. Sess.), § 1.)
11 V.S.A. § 860
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 4 - Professional Corporations|§ 860. Authority to transact business

§ 860. Authority to transact business|(a) A foreign professional corporation may not transact business in this State until it obtains a certificate of authority from the Secretary of State.(b) A foreign professional corporation may not obtain a certificate of authority, unless:  (1) its corporate name satisfies the requirements of section 825 of this title; (2) it is incorporated for one or more of the purposes described in section 821 of this title; and (3) all of its shareholders, not less than one-half of its directors, and all of its officers, other than its secretary and treasurer (if any), are licensed in one or more states to render a professional service described in its articles of incorporation, except as provided in section 881 of this title. (Added 2001, No. 77 (Adj. Sess.), § 1.)
11 V.S.A. § 861
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 4 - Professional Corporations|§ 861. Application for certificate of authority

§ 861. Application for certificate of authority|The application of a foreign professional corporation for a certificate of authority to render professional services in this State must contain the information called for by 11A V.S.A. § 15.03, and, in addition, include a statement that all of its shareholders, not less than one-half of its directors, and all of its officers, other than its secretary and treasurer (if any), are licensed in one or more states to render a professional service described in its articles of incorporation, except as provided in section 881 of this title. (Added 2001, No. 77 (Adj. Sess.), § 1.)
11 V.S.A. § 862
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 4 - Professional Corporations|§ 862. Revocation of certificate of authority

§ 862. Revocation of certificate of authority|The Secretary of State may administratively revoke, under 11A V.S.A. §§ 15.30-15.32, the certificate of authority of a foreign professional corporation authorized to transact business in this State if a licensing authority with jurisdiction over a professional service described in the corporation's articles of incorporation certifies to the Secretary of State that the corporation has violated or is violating a provision of this chapter, and describes the violation in the certificate. (Added 2001, No. 77 (Adj. Sess.), § 1.)
11 V.S.A. § 870
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 4 - Professional Corporations|§ 870. Articles of incorporation for licensing authority

§ 870. Articles of incorporation for licensing authority|A domestic or foreign professional corporation authorized to transact business in this State may not render professional services in this State until it delivers a certified copy of its articles of incorporation for filing to each licensing authority with jurisdiction over a professional service described in the articles. (Added 2001, No. 77 (Adj. Sess.), § 1.)
11 V.S.A. § 871
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 4 - Professional Corporations|§ 871. Annual report for Secretary of State

§ 871. Annual report for Secretary of State|The annual report required by 11A V.S.A. § 16.22 for each domestic professional corporation, and for each foreign professional corporation authorized to transact business in this State, must include a statement that all of its shareholders, not less than one-half of its directors, and all of its officers, other than its secretary and treasurer (if any), are qualified persons with respect to the corporation, except as provided in section 881 of this title. (Added 2001, No. 77 (Adj. Sess.), § 1.)
11 V.S.A. § 872
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 4 - Professional Corporations|§ 872. Licensing authority's regulatory jurisdiction

§ 872. Licensing authority's regulatory jurisdiction|This chapter does not restrict the jurisdiction of a licensing authority over individuals rendering a professional service within the jurisdiction of the licensing authority, nor does it affect the interpretation or application of any law pertaining to standards of professional conduct. (Added 2001, No. 77 (Adj. Sess.), § 1.)
11 V.S.A. § 873
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 4 - Professional Corporations|§ 873. Penalty for signing false document

§ 873. Penalty for signing false document|(a) A person commits an offense if he or she signs a document he or she knows is false in any material respect with intent that the document be delivered to the licensing authority for filing.(b) An offense under this section is a misdemeanor punishable by a fine not to exceed $1,000.00.(c) The offense created by this section is in addition to any other offense created by law for the same conduct. (Added 2001, No. 77 (Adj. Sess.), § 1.)
11 V.S.A. § 880
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 4 - Professional Corporations|§ 880. Application to existing corporations

§ 880. Application to existing corporations|(a) This chapter does not apply to a corporation now existing unless the corporation elects professional corporation status under section 820 of this title.(b) This chapter does not affect an existing or future right or privilege to render professional services through the use of any other form of business entity. (Added 2001, No. 77 (Adj. Sess.), § 1.)
11 V.S.A. § 881
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 4 - Professional Corporations|§ 881. Compliance with ownership provisions

§ 881. Compliance with ownership provisions|Notwithstanding the ownership limitations imposed by this chapter, persons who are authorized pursuant to 26 V.S.A chapter to own shares of an organization rendering licensed accounting services may own shares of a professional corporation pursuant to section 830 of this title, and such organizations with nonlicensee owners shall be deemed to comply with sections 840, 860, 861, and 871 of this title by complying with the ownership and governance requirements 26 V.S.A. chapter 1. (Added 2001, No. 77 (Adj. Sess.), § 1.)
11 V.S.A. § 921
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 5 - Scrip Corporations|§ 921. General provisions

§ 921. General provisions|Subject to the additional or varied requirements of this chapter, a corporation may be formed pursuant to the provisions of the general corporation law for the sole purpose of issuing scrip and to provide security therefor and to do all things necessary or convenient thereto.
11 V.S.A. § 922
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 5 - Scrip Corporations|§ 922. Certificate of public good

§ 922. Certificate of public good|The corporators shall file with the articles of association a certificate of the Commissioner of Financial Regulation that the formation of such corporation is in his or her opinion for the public good. No such corporation shall be formed unless such corporation is in his or her opinion for the public good. No such corporation shall be formed unless such certificate has been furnished and so filed. Such corporation may be formed without capital stock, and the trustees and the clerk shall be appointed by the Governor for the term of two years and until their successors are appointed and qualify. All such trustees shall be citizens of this State. (Amended 1989, No. 225 (Adj. Sess.), § 25(b); 1995, No. 180 (Adj. Sess.), § 38(a); 2011, No. 78 (Adj. Sess.), § 2, eff. April 2, 2012.)
11 V.S.A. § 923
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 5 - Scrip Corporations|§ 923. Definitions

§ 923. Definitions|(a) "Scrip" as used in this chapter includes certificates having no fixed maturity, transferable by delivery, and payable to bearer in lawful currency when realized out of the assets pledged to secure such scrip. It does not include notes.(b) "Scrip corporation" includes any person or corporation lawfully issuing scrip.
11 V.S.A. § 924
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 5 - Scrip Corporations|§ 924. Examination; bonds

§ 924. Examination; bonds|A corporation formed under the provisions of this chapter shall be subject to examination by the Commissioner of Financial Regulation, hereinafter called the Commissioner, in the manner provided by 8 V.S.A. § 503. The Commissioner shall issue and from time to time alter and revoke rules and regulations governing the conduct of the business of such corporation. He or she may require the officers thereof to furnish bonds and may fix the amount thereof. (Amended 1989, No. 225 (Adj. Sess.), § 25(b); 1995, No. 180 (Adj. Sess.), § 38(a); 2011, No. 78 (Adj. Sess.), § 2, eff. April 2, 2012.)
11 V.S.A. § 925
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 5 - Scrip Corporations|§ 925. Consent of Commissioner required

§ 925. Consent of Commissioner required|A person or corporation shall not issue scrip or notes or certificates having no fixed maturity payable to bearer in currency or other scrip without the consent of the Commissioner. But nothing herein shall prevent the issuance and use of bills of exchange, notes, or checks, or town orders for the usual and customary purposes thereof.
11 V.S.A. § 926
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 5 - Scrip Corporations|§ 926. Redemption

§ 926. Redemption|Scrip shall not be issued unless its redemption is secured by:  (1) Short-term notes and obligations of towns, cities, or other municipalities lawfully issued to such scrip corporation as hereinafter provided. Scrip may be issued to the amount of the face of such notes or obligations, exclusive of interest. (2) The direct obligations of this State or of the United States; and scrip shall not be issued against the security of such obligations in excess of 75 percent of the face thereof or the market value thereof, whichever is the lesser. (3) Deposits in banks having their principal place of business within this State and approved by the Commissioner. Scrip may not be issued against the security of such deposits to an amount in excess of one-third of the principal of such deposits assigned to the scrip corporation. The Commissioner may adopt rules limiting the percentage and maximum amount and providing for the minimum amounts exceeding the usual percentage of any single bank deposit which may be so assigned as security. Such amount and percentages may be varied with respect to the class of deposits, whether savings or commercial or on certificate of deposit, and also with respect to the amount of such deposits. (Amended 2015, No. 23, § 102.)
11 V.S.A. § 927
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 5 - Scrip Corporations|§ 927. Limitation of amount of scrip issued

§ 927. Limitation of amount of scrip issued|The Commissioner may adopt rules governing and limiting the amount of scrip which may be issued against any one or all of the classes of security mentioned in section 926 of this title. (Amended 2015, No. 23, § 103.)
11 V.S.A. § 928
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 5 - Scrip Corporations|§ 928. Issuance; rights of holders; liquidations; actions

§ 928. Issuance; rights of holders; liquidations; actions|A corporation authorized to issue scrip may issue the same to such persons, including corporations and municipalities, as assign to it securities enumerated in section 926 of this title, subject, however, to such limitations as are imposed by this chapter or any rules and regulations lawfully prescribed thereunder. All persons accepting such scrip shall take the same subject to the right of the State by statute or by rules, regulations, and orders of the Commissioner to regulate, control, and modify the rights and obligations under and with respect to such scrip for the equal protection of all holders and the public welfare or safety. Included within the foregoing shall be the power to provide for liquidation and distribution of the security for such scrip, to fix maturity dates, and to provide for actions and limitations thereon with respect to the same.
11 V.S.A. § 929
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 5 - Scrip Corporations|§ 929. Redemption right

§ 929. Redemption right|If scrip is issued in return for bonds of this State or of the United States, the issuing corporation shall give a receipt for such bonds. Within the time named in such receipt and under such rules as the Commissioner may prescribe, the holder of such receipt may present the same together with scrip to the amount advanced, or lawful money to the amount named therein, and receive the bonds named in such receipt, exclusive of accrued interest on such bonds from date of deposit to date of maturity. Such redemption right shall not extend for more than one year unless renewed with the consent of the Commissioner.
11 V.S.A. § 930
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 5 - Scrip Corporations|§ 930. Borrowing scrip by municipal corporations

§ 930. Borrowing scrip by municipal corporations|All municipal corporations whether incorporated by special act or under general law may borrow scrip from the issuing corporation upon their promissory notes payable both principal and interest in scrip within one year, but not to an amount in any one year greater than one-half the taxes voted or assessed during such year. When such notes are paid, scrip to the amount of such payments shall be retired and not reissued unless against new security.
11 V.S.A. § 931
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 5 - Scrip Corporations|§ 931. Use of scrip in payment of taxes or wages

§ 931. Use of scrip in payment of taxes or wages|Scrip issued under this chapter shall be received at the face value thereof in payment of taxes due to any municipality and may be issued by any municipality in the payment of wages and salaries hereafter accruing or, by agreement with the other contracting party, for any other purpose.
11 V.S.A. § 932
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 5 - Scrip Corporations|§ 932. Indebtedness pledged to secure scrip

§ 932. Indebtedness pledged to secure scrip|All evidences of indebtedness pledged to secure scrip shall be delivered and held by the corporation issuing such scrip in trust to secure the redemption thereof in legal tender. All bank deposits securing scrip shall be assigned to such issuing corporation and by it held in trust as herein provided, but the interest and income on such pledged securities and on one-third of such assigned bank deposits may be used to defray the expenses of such corporation and to create a reserve and surplus for future expenses and redemption of scrip.
11 V.S.A. § 933
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 5 - Scrip Corporations|§ 933. Security and redemption funds

§ 933. Security and redemption funds|Portions of bank deposits assigned to the scrip corporation shall be transferred on the books of the bank or trust company to such corporation and each portion so transferred shall be divided into two parts: a one-third part and a two-thirds part. The one-third part, hereinafter called the trust redemption part, both principal and interest, shall be the absolute property of such scrip corporation. The principal, but not the interest, of the two-thirds part, hereinafter called the security part, shall be deemed to be pledged to such scrip corporation to be used proportionately with all other bank or trust company deposits so pledged to it, to make up any deficiency in the trust fund needed to redeem all outstanding scrip. From time to time, the Commissioner may issue such regulations and orders as he or she may deem necessary for the protection of the holders of such scrip, requiring such percentage of such security fund, theretofore or thereafter accruing, to be paid into the redemption trust fund of such scrip corporation, or releasing from the lien aforesaid all or any part of the security fund accordingly as he may deem that all or any part of such security fund is no longer needed. Any part of the security fund released from the lien aforesaid shall be the absolute property of the assignor.
11 V.S.A. § 934
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 5 - Scrip Corporations|§ 934. Bank deposits left with bank

§ 934. Bank deposits left with bank|Bank deposits assigned under the provisions of this chapter in consideration and as security for scrip, except as otherwise directed by the Commissioner, shall remain on deposit in the same bank where originally deposited, but with the Commissioner's consent, may be transferred to deposits classified as new savings deposits. Whenever deposits which bear no interest are assigned to such scrip corporation, they may be withdrawn under rules and regulations prescribed by the Commissioner, and placed at interest, unless such corporation and such depository with the consent of the Commissioner enter into an agreement for the payment of interest thereon.
11 V.S.A. § 935
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 5 - Scrip Corporations|§ 935. Redemption; action against corporation limited

§ 935. Redemption; action against corporation limited|At such time or times as he or she may think proper, the Commissioner may require such scrip corporation to redeem in lawful currency the scrip issued by it. Such order may require such scrip to be redeemed all at one time or part only at one time, and in such manner as the Commissioner may direct, until all of such scrip presented for payment has been redeemed. No holder of scrip shall have an action for the collection thereof against the scrip corporation except to enforce rights established by such order.
11 V.S.A. § 936
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 5 - Scrip Corporations|§ 936. Surplus monies belong to State

§ 936. Surplus monies belong to State|Any monies remaining in the hands of a scrip corporation formed under this chapter, after all scrip entitled to payment has been redeemed, shall become the property of the State.
11 V.S.A. § 937
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 5 - Scrip Corporations|§ 937. Enjoining issuance of scrip

§ 937. Enjoining issuance of scrip|On complaint brought by the Commissioner in the Superior Court within and for the county of Washington, a person issuing scrip in violation of this chapter shall be enjoined from issuing further scrip and required to redeem forthwith scrip already issued, and the terms of this chapter and rules and regulations issued hereunder may be enforced. (Amended 1973, No. 193 (Adj. Sess.), § 3, eff. April 9, 1974.)
11 V.S.A. § 938
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 5 - Scrip Corporations|§ 938. Penalties

§ 938. Penalties|A person violating a provision of this chapter or a regulation hereunder shall be fined not more than $1,000.00 or imprisoned not more than one year, or both.