Applicability — Vermont Code § 3312
Vermont Code § 3312 — Applicability. Reproduced from the official Vermont Statutes Online, with a citation summary, verification link, and related provisions.
§ 3312. Applicability
- (a) Before January 1, 1999, this chapter governs only a partnership formed: (1) after the effective date of this chapter, except a partnership that is continuing
the business of a dissolved partnership under section 1333 of this title; and (2) before the effective date of this chapter, that elects, as provided by subsection
(c) of this section, to be governed by this chapter. (b) On and after January 1, 1999, this chapter governs all partnerships. (c) Before January 1, 1999, a partnership voluntarily may elect, in the manner provided
in its partnership agreement or by law for amending the partnership agreement, to
be governed by this chapter. The provisions of this chapter relating to the liability
of the partnership’s partners to third parties apply to limit those partners’ liability
to a third party who had done business with the partnership within one year before
the partnership’s election to be governed by this chapter, only if the third party
knows or has received a notification of the partnership’s election to be governed
by this chapter. (Added 1997, No. 149 (Adj. Sess.), § 1, eff. Jan. 1, 1999.)
Source: official Vermont text · Last verified 2026-08-27
At a glance
- Citation: Vermont Statutes Online § 3312
- Jurisdiction: Vermont
- Code: Vermont Statutes Online
- Subject: Applicability
- Text: transcribed from the official source (verify below)
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Common questions
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What subject does Vermont Statutes Online § 3312 address?
It addresses "Applicability". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
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