§ 1065. Preservation of rights and liabilities
All rights of creditors and liens upon the property of the consolidating cooperatives shall be preserved unimpaired; and all debts, liabilities, and duties of each consolidating cooperative shall thenceforth become the obligation of the new cooperative and may be enforced against the latter to the same extent as if the obligations and liabilities had been incurred or contracted by it. (Amended 1971, No. 185 (Adj. Sess.), § 28, eff. March 29, 1972.)
Structure Vermont Statutes
Title 11 - Corporations, Partnerships and Associations
§ 996. Amendment of certificate
§ 1007. Classification of directors
§ 1008. Primary elections for directors
§ 1009. Appointment of directors by public officials
§ 1010. Vacancies on board of directors
§ 1011. Contracts with directors
§ 1016. Liability of members for debts
§ 1018. Marketing contracts—Terms
§ 1021. Liability of landowner, landlord or lessor
§ 1023. Ownership or control of other corporations
§ 1028. Application to existing corporations
§ 1029. Soliciting breach of contract