Vermont § 3024 Responsibilities for liabilities transferred

Vermont Statutes

§ 3024 — Responsibilities for liabilities transferred

Vermont § 3024

Title 30Title 30: Public Service

Ch. 81Chapter 081: Utility Cooperatives

This text of Vermont § 3024 (Responsibilities for liabilities transferred) 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, § 3024 (2026).

Text

The new or surviving cooperative shall be responsible and liable for all the liabilities and obligations of each of the consolidating or merging cooperatives and a claim existing or action or proceeding pending by or against a consolidating or merging cooperative may be prosecuted as if the consolidation or merger had not taken place, but the new or surviving cooperative may be substituted in its place.

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The new or surviving cooperative shall be responsible and liable for all the liabilities and obligations of each of the consolidating or merging cooperatives and a claim existing or action or proceeding pending by or against a consolidating or merging cooperative may be prosecuted as if the consolidation or merger had not taken place, but the new or surviving cooperative may be substituted in its place.