§ 3023. Transfer of rights and liabilities
All the rights, privileges, immunities, and franchises and all property, real and personal, including applications for membership, all debts due on whatever account, and all other choses in action, of each of the consolidating or merger cooperatives shall be deemed to be transferred to and vested in the new or surviving cooperative respectively, without further act or deed.
Structure Vermont Statutes
Chapter 81 - Electric Cooperatives
§ 3002a. Obligations treated as expenses
§ 3005. Articles of incorporation, contents
§ 3007. Members, qualifications
§ 3010. Members necessary for quorum
§ 3013. Directors, qualifications
§ 3014. Election and term of office
§ 3023. Transfer of rights and liabilities
§ 3024. Responsibilities for liabilities transferred
§ 3025. Creditors’ rights not impaired by merger
§ 3026. Private corporation, change
§ 3027. Dissolution—Cooperative not commencing business
§ 3028. Dissolution of cooperatives
§ 3031. Mortgage and investment
§ 3032. Sale or lease of assets
§ 3036. Acknowledgments, members authorized
§ 3037. Foreign companies, service of process
§ 3043. Formation of cooperatives by cooperatives
§ 3044. Approval by members of cooperative