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Here are the changes to Vermont law (from H.888) that allow you to incorporate as a virtual, digital corporation:
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Sec. 82. 11 V.S.A. § 3001 [Definitions] is amended to read:
(15) "Operating agreement" means the agreement in writing any form of description of membership rights and obligations under section 3003 of this title, stored or depicted in any tangible or electronic medium, which is agreed to by the members, including amendments to the agreement.
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(19) "Signed" includes any symbol or electronic schema that may be prescribed by the secretary of state that is executed or adopted by a person with the present intention to authenticate a record.
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(23) "Document" means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form.
(24) "Writing" means written communications, including letters, faxes, e-mails, or other electronic formats that may be prescribed by the secretary of state.
(25) "Delivery" means surface mail or methods of electronic transmission the secretary of state may prescribe.
(26) "Meeting" means any structured communications conducted by participants in person or through the use of electronic or telecommunications medium permitting simultaneous or sequentially structured communications for the purpose of reaching a collective agreement.
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Sec. 83. 11 V.S.A. § 3026(f) is added to read: (f) An original copy may consist of an electronic communication received by the secretary of state’s office, endorsement may consist of an attached electronic record, and the delivery of a duplicate may be done electronically.
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Sec. 84. 11 V.S.A. § 3058(c) is amended to read: (c) A company may maintain its records in other than written form if such form is capable of conversion into written form within a reasonable time or into an electronic form that may be prescribed by the secretary of state.
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Vermont
'The Fourteenth Star'
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