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2018 Vermont Statutes
Title 30 - Public Service
Chapter 81 - Electric Cooperatives
§ 3024 Responsibilities for liabilities transferred
Universal Citation: 30 V.S.A. § 3024
§ 3024. Responsibilities for liabilities transferred
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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