§ 831.
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/vt/title-11/chapter-4/831A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 831. Notice of professional corporation status on shares
(a)The following statement must appear conspicuously on each share certificate issued by a professional corporation:
“The transfer of shares of a professional corporation is restricted by the Vermont Professional Corporation Chapter, and is subject to further restriction imposed from time to time by the licensing authority. Shares of a professional corporation are also subject to a statutory compulsory repurchase obligation.”
(b)Within a reasonable time after the issuance or transfer of uncertificated shares of a professional corporation, the corporation shall send the shareholders a written notice, containing the statement required by subsection
(a)of this section. (Added 2001, No. 77 (Adj. Sess.), § 1.)