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Vermont Statutes Title 30. Public Service, § 3024. Responsibilities for liabilities transferred

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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.

Cite this article: FindLaw.com - Vermont Statutes Title 30. Public Service, § 3024. Responsibilities for liabilities transferred - last updated January 01, 2020 | https://codes.findlaw.com/vt/title-30-public-service/vt-st-tit-30-sect-3024.html


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