Rule detail : 252170

VT LEG Business Organizations Revisions

Updated on: May 9, 2025

May 2025 VT LEG Governor Approval
On May 1, 2025, VT LEG reported that bill HB 243 was approved by the VT governor.

VT LEG passed HB 243 on regulation of business organizations, fraudulent filings.
Incorporates amendments to multiple VT LEG business regulation provisions from VT LEG 3, VT LEG 11, VT LEG 11A, VT LEG 11B, VT LEG 11C, VT LEG 12, VT LEG 30.
Bill Provisions
Technical, stylistic changes to business organization requirements, applicable to nonprofits, partnerships, LLCs, corporations foreign corporations, limited partnerships.
Provisions address powers, articles, bylaws, registration, cessation, agents, annual reports, filing, dissolution, recordkeeping, involuntary termination, officers, penalties.
Legislative History
On Feb. 18, 2025, bill introduced in House; on Apr. 23, 2025, amended bill passed.
On Mar. 25, 2025, bill introduced in Senate; on Apr. 11, 2025, bill passed in Senate.
On Apr. 25, 2025, bill delivered to governor, awaits governor review.
Effectiveness
If approved by the governor, HB 243 will become effective on Jul. 1, 2025.
May 2025 VT LEG Governor Approval
On May 1, 2025, VT LEG reported that bill HB 243 was approved by the VT governor.

Regulators

VT LEG

Entity Types

Corp

Reference

Act, 5/1/2025; Bill H.243, 4/25/2025; Citation: *VT LEG* 11, 11A, 11B, 11C, 12, 30;

Functions

Compliance; Fraud; Legal; Market Conduct; Operations; Registration/Licensing; Reporting

Countries

United States of America