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What happens if an organization is “involuntarily terminated” by the Secretary of States Office for non-compliance?

April 26, 2017happens non-compliance Office organization Secretary State

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What happens if an organization is “involuntarily terminated” by the Secretary of States Office for non-compliance?

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The organization is considered not to be in good standing and should no longer be doing a regular business in Vermont. The courts may also dissolve a corporation. To learn more, see 11B V.S.A. 14.30.