Vermont § 2907 Utility to accept or reject offer to purchase

Vermont Statutes

§ 2907 — Utility to accept or reject offer to purchase

Vermont § 2907

Title 30Title 30: Public Service

Ch. 79Chapter 079: Municipal Plants

This text of Vermont § 2907 (Utility to accept or reject offer to purchase) is published on Counsel Stack Legal Research, covering Vermont primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Vt. Stat. Ann. tit. 30, § 2907 (2026).

Text

The utility shall reply to such request by delivering its answer in writing to the mayor of the city, the selectboard of the town, or the trustees of the village, within 90 days following the receipt of the request. If the reply is in the negative or if the reply is not made within a period of 90 days, the utility waives any right it may have had to require the purchase of its plant and property by the municipality. If the reply is in the affirmative, it shall, within 90 days, submit the price and terms that it is willing to accept for all such plant and property, together with a detailed schedule of all the plant and property it proposes to sell to the municipality. Any plant and property shall at all reasonable times be open to the examination of the authorities and experts of the munici

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The utility shall reply to such request by delivering its answer in writing to the mayor of the city, the selectboard of the town, or the trustees of the village, within 90 days following the receipt of the request. If the reply is in the negative or if the reply is not made within a period of 90 days, the utility waives any right it may have had to require the purchase of its plant and property by the municipality. If the reply is in the affirmative, it shall, within 90 days, submit the price and terms that it is willing to accept for all such plant and property, together with a detailed schedule of all the plant and property it proposes to sell to the municipality. Any plant and property shall at all reasonable times be open to the examination of the authorities and experts of the municipality or any other persons or boards charged with the duty of determining the fair value of the property. (Amended 2023, No. 85 (Adj. Sess.), § 406, eff. July 1, 2024.)