Vt. Stat. tit. 11C § 802
Current through L. 2024, c. 185.
A debt, obligation, or other liability of a mutual benefit enterprise is solely that of the enterprise and is not a debt, obligation, or liability of a director solely by reason of being a director. An individual is not personally liable, directly or indirectly, for an obligation of an enterprise solely by reason of being a director.
11C V.S.A. § 802