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: 30 V.S.A. § 3024)
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§ 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.