§ 3024 - Amendment or restatement of articles of organization - Vermont Statutes

§ 3024. Amendment or restatement of articles of organization

(a) Articles of organization of a limited liability company may be amended at any time by delivering articles of amendment to the secretary of state for filing. The articles of amendment must set forth the:

(1) name of the limited liability company;

(2) date of filing of the articles of organization; and

(3) amendment to the articles.

(b) The articles of organization of a limited liability company may be amended at any time but shall be amended if:

(1) there is a change in the name of the company;

(2) there is a change in the duration of the term;

(3) there is a change in whether the management of the limited liability company is vested in managers or members;

(4) there is a change in whether the members of the company are to be liable for its debts and obligations under subsection (b) of section 3043 of this title;

(5) there is a change in any other matter set forth in the articles of organization under subsection (b) of section 3023 of this title; or

(6) the articles of organization contain a false or erroneous statement.

(c) A limited liability company may restate its articles of organization at any time. Restated articles of organization must be signed and filed in the same manner as articles of amendment. Restated articles of organization must be designated as such in the heading and state in the heading or in an introductory paragraph the limited liability company's present name and, if it has been changed, all of its former names and the date of the filing of its initial articles of organization. (Added 1995, No. 179 (Adj. Sess.), § 4.)