§ 852 - Judicial dissolution - Vermont Statutes

§ 852. Judicial dissolution

The attorney general may commence a proceeding under sections 14.30-14.33 of Title 11A to dissolve a professional corporation, if:

(1) the secretary of state or a licensing authority with jurisdiction over a professional service described in the corporation's articles of incorporation serves written notice on the corporation under section 5.04 of Title 11A that it has violated or is violating a provision of this chapter;

(2) the corporation does not correct each alleged violation, or demonstrate to the reasonable satisfaction of the secretary of state or licensing authority that it did not occur, within 60 days after service of the notice is perfected under section 5.04 of Title 11A; and

(3) the secretary of state or licensing authority certifies to the attorney general a description of the violation, that it notified the corporation of the violation, and that the corporation did not correct it, or demonstrate that it did not occur, within 60 days after perfection of service of the notice. (Added 2001, No. 77 (Adj. Sess.), § 1.)