§1031. Penalties

Link to law: http://legislature.vermont.gov/statutes/section/11/007/01031
Published: 2015

Print

The Vermont Statutes Online



Title

11

:
Corporations, Partnerships and Associations






Chapter

007

:
COOPERATIVES






Subchapter

002
:
THE COOPERATIVE MARKETING ACT










 

§

1031. Penalties

An officer or

director who shall subscribe or make oath to any certificate provided for in

sections 995 and 996 of this title, which shall contain a false statement,

known by such person to be false or who shall do any act relative to the issue

of capital stock which is not permitted by section 1015 of this title, or who

shall make or publish any financial statement which he knows does not comply

with the provisions of such sections, shall be fined not more than $5,000.00,

or imprisoned not more than five years, or both, and shall also be individually

liable to a stockholder of the association or other person for damage caused by

reason thereof.
Read Entire Law on legislature.vermont.gov