The Vermont Statutes Online
Corporations, Partnerships and Associations
832. Share transfer restriction
shareholder of a professional corporation may transfer or pledge shares,
fractional shares, and rights or options for the purchase of shares of the
corporation only to individuals, and general partnerships qualified under
section 830 of this title to be issued shares.
(b) A transfer
of shares made in violation of subsection (a) of this section, except one made
by operation of law or court judgment, is void. (Added 2001, No. 77 (Adj.
Sess.), § 1.)