§ 4172.
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/vt/title-11/chapter-25/4172A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 4172. Election
A limited liability company organized pursuant to this title for the purpose of operating a business that utilizes blockchain technology for a material portion of its business activities may elect to be a blockchain-based limited liability company (BBLLC) by:
(1)specifying in its articles of organization that it elects to be a BBLLC; and
(2)meeting the requirements in subdivision 4173(2) and subsection 4174(a) of this title. (Added 2017, No. 205 (Adj. Sess.), § 7.)