Vermont Statutes Annotated

Vt. Stat. Ann. tit. 11, § 4031 (2026)

✓ current as of May 2026

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Subchapter 002 : ORGANIZATION

(Cite as: 11 V.S.A. § 4031)

§ 4031. Limited liability company property

Property transferred to or otherwise acquired by a limited liability company is property of the limited liability company and not of the members individually. (Added 2015, No. 17, § 2.)

Notes of Decisions

Cited in 1 case, 2017–2017 · leading case: In re Hewitt, 576 B.R. 790 (Bankr. D. Vt. 2017).

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In re Hewitt, 576 B.R. 790 (Bankr. D. Vt. 2017). · cites it 2× “§§ 4021, 4031-32, 4041-42, 4051-60, 4081-83, 4131-36. Membership interest in an LLC grants members a right to a share of the profits and losses of the LLC, and the right to receive distributions.”

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