The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 7 V.S.A. § 111)
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§ 111. Transfer of local agency store in conjunction with sale of real property or business
(a) If a proposed sale of real estate or a business in which a local agency store is located
is contingent on the transfer of the agency store’s contract with the Board to the
buyer, the seller and buyer may, prior to completing the sale, submit to the Division
a request to approve the transfer of the agency store’s contract to the buyer. The
request shall be accompanied by any information required by the Division.
(b) The Division shall review the request and evaluate the buyer based on the standards
for evaluating an applicant for a new agency store contract.
(c) Within 30 days after receiving the request and all necessary information, the Division
shall complete the evaluation of the proposed transfer and notify the parties of whether
the agency store’s contract may be transferred to the buyer.
(d)(1) If the transfer is approved, the contract shall transfer to the buyer upon completion
of the sale.
(2) If the transfer is denied, the seller may continue to operate the agency store pursuant
to the existing contract with the Board. (Added 1987, No. 188 (Adj. Sess.), § 3, eff. May 11, 1988; amended 2017, No. 83, § 13; 2018, No. 1 (Sp. Sess.), § 18.)