House Bill 206, effective July 1, 2025, extensively amends the UCC title including provisions regarding controllable electronic money, controllable electronic records, controllable accounts and controllable payment intangibles and the rights thereto and the perfection and priority of security interests therein.
House Bill 243, effective July 1, 2025, (i) amends the entity laws regarding name reservation, registered agents, service of process, status certificates and administrative revocation; (ii) amends the trade name statute to refer to assumed names with other amendments; (iii) the LLP law regarding annual reports; and (iv) the LP law regarding Certificates of Limited Partnership and foreign registration.
Case summaries
Commercial Domicile
Vermont National Telephone Company v. Department of Taxes, 2020 VT 83, decided October 9. 2020. The Vermont Supreme Court held that the Commissioner of Taxes did not err in determining that a corporation’s commercial domicile was in Vermont because that is where it conducted business operations and received the most benefits. Specifically, the Commissioner found its CFO filed all of its tax returns and paid its taxes from its Vermont office, its business records were kept in its Vermont office and it had over 50 employees residing or working in Vermont.
Other notices
There are no notices at this time.