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Searching 2019-2020 Session

The Vermont Statutes Online

The statutes were updated in November, 2018, and contain all actions of the
2018 legislative session.

Title 29 : Public Property and Supplies

Chapter 014 : NATURAL GAS AND OIL CONSERVATION

Subchapter 003 : CONSERVATION OF OIL AND GAS

(Cite as: 29 V.S.A. § 524)
  • § 524. Antitrust immunity for voluntary units

    An agreement for the unit or cooperative development or operation of a field, reservoir, or part thereof, may be submitted to the board for approval as being in the public interest or reasonably necessary to prevent waste or to protect correlative rights. For the purposes of this chapter, approval by the board shall constitute a complete defense to any suit charging violation of any statute of the state relating to trust and monopolies on account of the agreement or on account of operations conducted pursuant to such agreement. The failure to submit such an agreement to the board for approval shall not for that reason imply or constitute evidence that the agreement or operations conducted pursuant thereto are in violation of laws relating to trusts and monopolies. (Amended 1981, No. 240 (Adj. Sess.), § 2, eff. April 28, 1982.)