§4027. Correcting filed document

Link to law: http://legislature.vermont.gov/statutes/section/11/025/04027
Published: 2015

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The Vermont Statutes Online



Title

11

:
Corporations, Partnerships and Associations






Chapter

025

:
LIMITED LIABILITY COMPANIES






Subchapter

002
:
ORGANIZATION










 

§

4027. Correcting filed document

(a) A limited

liability company or foreign limited liability company may correct a document

filed by the Secretary of State if the document contains a false or erroneous

statement or was defectively signed.

(b) A document

is corrected:

(1) by preparing

articles of correction that:

(A) describe the

document, including its filing date, or attach a copy of it to the articles of

correction;

(B) specify the

incorrect statement and the reason it is incorrect or the manner in which the

signing was defective;

(C) correct the

incorrect statement or defective signing; and

(2) by

delivering the corrected document to the Secretary of State for filing.

(c) When filed

by the Secretary of State, articles of correction filed under subsection (a) of

this section are effective retroactively as of the effective date of the record

the articles correct, but the articles are effective when filed as to persons

that previously relied on the uncorrected record and would be adversely affected

by the retroactive effect. (Added 2015, No. 17, § 2.)
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