Vt. Stat. tit. 11 § 4172

Current through L. 2024, c. 142.

Section 4172 - Election

A limited liability company organized pursuant to this title for the purpose of operating a business that utilizes blockchain technology for a material portion of its business activities may elect to be a blockchain-based limited liability company (BBLLC) by:

(1) specifying in its articles of organization that it elects to be a BBLLC; and

(2) meeting the requirements in subdivision 4173(2) and subsection 4174(a) of this title.

11 V.S.A. § 4172

Added 2017, No. 205 (Adj. Sess.), § 7.