§2.03. Incorporation

Link to law: http://legislature.vermont.gov/statutes/section/11A/002/00002.03
Published: 2015

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The Vermont Statutes Online



Vermont Business Corporations






2.03. Incorporation

(a) Unless a

delayed effective date is specified, the corporate existence begins when the

secretary of state issues a certificate of incorporation, after finding that

the articles of incorporation conform to law, and that all fees imposed under

section 1.22 of this title have been paid.

(b) The

secretary of state's filing of the articles of incorporation is conclusive

proof that the incorporators satisfied all conditions precedent to

incorporation except in a proceeding by the state to cancel or revoke the

incorporation or involuntarily dissolve the corporation.

(c) The

secretary of state shall maintain a separate record of the number of

corporations that deliver articles of incorporation to the secretary for filing

by electronic transmission. (Added 1993, No. 85, § 2, eff. Jan. 1, 1994;

amended 2009, No. 78 (Adj. Sess.), § 44c, eff. April 15, 2010.)