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: 12 V.S.A. § 2148)
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§ 2148. Consolidation of actions against directors
(a) In all causes brought to the same Superior Court in favor of different creditors of
a corporation against the directors thereof, or some of them jointly, based upon the
provisions of the act or articles of incorporation, or a statute, to recover for loss
sustained by such creditors by reason of the incompetency, neglect or remissness of
such directors, and where the same parties are defendants in each action, such causes
may be consolidated by the court, upon request of the defendants or upon request of
such of the several plaintiffs as shall join in a motion therefor, and proceed to
final judgment as one cause, and only one bill of costs shall be allowed to the successful
party in court.
(b) If such judgment is for the plaintiffs, it shall show the amount of damages awarded
to each. Separate executions shall issue thereon, with full costs in one cause and
costs of writ, service and court fees in the others. If such judgment is for the
defendants, the execution shall run against all the plaintiffs; but, as between themselves,
they shall bear the costs in proportion to the amount of their respective claims.
(c) When actions are brought by several plaintiffs against the same defendants, as provided
in subsection (a) of this section and any of such causes are continued by the term
without the fault of either party, or to await the result of similar pleadings in
another cause, costs shall not be taxed at such term in favor of either party, except
court fees. (Amended 1973, No. 193 (Adj. Sess.), § 3, eff. April 9, 1974.)