Vermont § 3022 Effect

Vermont Statutes

§ 3022 — Effect

Vermont § 3022

Title 30Title 30: Public Service

Ch. 81Chapter 081: Utility Cooperatives

This text of Vermont § 3022 (Effect) 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, § 3022 (2026).

Text

In the case of a consolidation, the separate existence of the consolidating cooperatives shall cease and the articles of consolidation shall be deemed to be the articles of incorporation of the new cooperative. In the case of a merger, the separate existence of the merging cooperatives shall cease and the articles of incorporation of the surviving cooperative shall be deemed to be amended to the extent that changes are provided for in the articles of the merger. (Amended 2023, No. 85 (Adj. Sess.), § 421, eff. July 1, 2024.)

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In the case of a consolidation, the separate existence of the consolidating cooperatives shall cease and the articles of consolidation shall be deemed to be the articles of incorporation of the new cooperative. In the case of a merger, the separate existence of the merging cooperatives shall cease and the articles of incorporation of the surviving cooperative shall be deemed to be amended to the extent that changes are provided for in the articles of the merger. (Amended 2023, No. 85 (Adj. Sess.), § 421, eff. July 1, 2024.)