§1628. Certificate of cessation of business or change of business status

Link to law: http://legislature.vermont.gov/statutes/section/11/015/01628
Published: 2015

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The Vermont Statutes Online



Corporations, Partnerships and Associations






1628. Certificate of cessation of business or change of business status

(a) When a

person, copartnership, association, limited liability company or corporation

subject to the provisions of this chapter shall cease to do business in this

state, a certificate setting forth such fact and the date whereon it so ceased

shall be filed with the secretary of state within ten days after the date such

business ceases. Such certificate may be sworn to and filed by a surviving

partner, member of such association, officer of such corporation, member or

manager of such limited liability company, or person so doing business, his

executor or administrator.

(b) Whenever any

general partner of such partnership, or member of such association withdraws

from the business, a remaining general partner or member shall within 30 days

file a certificate with the secretary of state signed and sworn by a remaining

general partner or member, setting forth the fact of such withdrawal, together

with the date of that withdrawal. Filing of this certificate shall avoid any

interruption in the period of registration remaining before the need for

renewal, as if no partner or member of the association had withdrawn. (Amended

1961, No. 217, § 1, eff. July 13, 1961; 1981, No. 125 (Adj. Sess.), § 5; 1993,

No. 221 (Adj. Sess.), § 25; 1995, No. 166 (Adj. Sess.), § 15; 1995, No. 179

(Adj. Sess.), § 12.)