Conversion — Vermont Code § 1602
Vermont Code § 1602 — Conversion. Reproduced from the official Vermont Statutes Online, with a citation summary, verification link, and related provisions.
§ 1602. Conversion
- (a) An entity that is not a mutual benefit enterprise may convert to a mutual benefit
enterprise and a mutual benefit enterprise may convert to an entity that is not a
mutual benefit enterprise pursuant to this section, sections 1603 through 1605 of this title, and a plan of conversion, if: (1) the other entity’s organic law authorizes the conversion; (2) the conversion is not prohibited by the law of the jurisdiction that enacted the other
entity’s organic law; and (3) the other entity complies with its organic law in effecting the conversion. (b) A plan of conversion shall be in a record and shall include: (1) the name and form of the entity before conversion; (2) the name and form of the entity after conversion; (3) the terms and conditions of the conversion, including the manner and basis for converting
interests in the converting entity into any combination of money, interests in the
converted entity, and other consideration; and (4) the organizational documents of the proposed converted entity. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)
Source: official Vermont text · Last verified 2026-08-27
At a glance
- Citation: Vermont Statutes Online § 1602
- Jurisdiction: Vermont
- Code: Vermont Statutes Online
- Subject: Conversion
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Vermont Statutes Online. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Vermont attorney.
Common questions
What is the source of Vermont Statutes Online § 1602?
The text above is transcribed from the Vermont Statutes Online, the codified statutes of Vermont. The official publisher link appears under "Verify the text" on this page.
What subject does Vermont Statutes Online § 1602 address?
It addresses "Conversion". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Vermont Statutes Online § 1602 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Vermont source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Vermont law to your facts requires a licensed Vermont attorney who can review the specifics.