Attorney Tom Moody Recognized for Business Law Contributions by Vermont Bar Association
(BURLINGTON, Vt.) Attorney Thomas H. Moody has been recognized by the Vermont Bar Association for his leadership in updating Vermont’s business laws. Moody was presented with the VBA’s President’s Award at the organization’s annual meeting on Sept. 25 at the Stoweflake Resort and Conference Center in Stowe. The award recognizes Moody’s work as chair of the Business Association Section of the VBA and chair of the committee that drafted and presented to the legislature a comprehensive revision of Vermont’s Limited Liability Company statute.
“The President’s Award recognizes the hard work and extraordinary leadership that Tom has devoted to the Vermont Bar and to the state of Vermont over the past several years in order to bring important laws governing commercial activity into the modern era,” said Daniel P. Richardson, outgoing president of the VBA. “Keeping our LLC and other business laws up to date is critical to in-state businesses competing in a rapidly changing world, and to those outside of the state who wish to do business here. It is nuts and bolts work, but it is very important.”
The revised Limited Liability Company Act became effective on July 1, 2015 as to newly formed limited liability companies, and will become effective on July 1, 2016 as to all limited liability companies formed or doing business in Vermont. The revised LLC Act modernizes Vermont law by incorporating changes in the law that have occurred during the 19 years since Vermont originally enacted the LLC Act. “Keeping Vermont’s business statutes current plays an important role in attracting and retaining businesses to the state,” commented Moody. “It probably won’t be the deciding factor in a company’s decision to come to Vermont or stay in Vermont, but we need to have up-to-date business statutes so that there isn’t a disincentive for businesses to locate here.”
Moody has served as chair of the VBA’s Business Association Section since 2002 and has been a central figure in revising Vermont’s business laws during that time. He is currently working with a committee of the Business Association Section on revisions to the merger provisions of the Vermont Corporations Act, which will be introduced in the upcoming legislative session.
Moody is a director at DRM and a former chair of the firm’s Business Law Group. Last year, he was named “Lawyer of the Year” in Burlington by the publication Best Lawyers®. He advises business owners, investors and technology companies in a wide variety of matters, including business formations, private equity transactions, commercial lending, executive compensation, stock option plans, and business acquisitions and mergers. He has been a business attorney at DRM for his entire twenty-five year career.
DRM is the state’s largest law firm, with offices in Burlington, Montpelier, St. Johnsbury and Brattleboro, Vermont and in Lebanon, New Hampshire. Its areas of practice include business law, intellectual property law, employment law, trusts and estates, captive insurance, renewable energy and telecommunications, health law, litigation, real estate and land use, government and public affairs, environmental and tax law.