2011 Vermont Code
Title 30 Public Service
Chapter 83 CONSOLIDATION OF MUNICIPAL AND COOPERATIVE DISTRIC
§ 4005 Insurance


30 VT Stats § 4005. (2011 through Adj Sess) What's This?

§ 4005. Insurance

Each participating utility shall have the right and power to enter into contracts or specialized insurance appertaining to property and risks in connection with and incident to the ownership, operation, and maintenance of electric facilities, in addition to the usual forms of available insurance. Each participating utility shall be authorized to enter into contracts or insurance for the use and benefit of each of the other participating utilities as though the insurance was for its sole benefit and to cause the rights of the other participating utilities to be protected by contracts according to their respective undivided interests or entitlements under applicable agreements between the participating utilities. (Added 1977, No. 97.)

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