Vermont § 2148 - Consolidation of actions against directors

Full text of Vermont Vermont Statutes Online § 2148 — Consolidation of actions against directors, with citation guidance and answers to common questions.

§ 2148. Consolidation of actions against directors

  • (a) In all causes brought to the same Superior Court in favor of different creditors of
    a corporation against the directors thereof, or some of them jointly, based upon the
    provisions of the act or articles of incorporation, or a statute, to recover for loss
    sustained by such creditors by reason of the incompetency, neglect or remissness of
    such directors, and where the same parties are defendants in each action, such causes
    may be consolidated by the court, upon request of the defendants or upon request of
    such of the several plaintiffs as shall join in a motion therefor, and proceed to
    final judgment as one cause, and only one bill of costs shall be allowed to the successful
    party in court. (b) If such judgment is for the plaintiffs, it shall show the amount of damages awarded
    to each. Separate executions shall issue thereon, with full costs in one cause and
    costs of writ, service and court fees in the others. If such judgment is for the
    defendants, the execution shall run against all the plaintiffs; but, as between themselves,
    they shall bear the costs in proportion to the amount of their respective claims. (c) When actions are brought by several plaintiffs against the same defendants, as provided
    in subsection (a) of this section and any of such causes are continued by the term
    without the fault of either party, or to await the result of similar pleadings in
    another cause, costs shall not be taxed at such term in favor of either party, except
    court fees. (Amended 1973, No. 193 (Adj. Sess.), § 3, eff. April 9, 1974.)

Source: official Vermont text · Last verified 2026-08-27

Frequently Asked Questions About Vermont § 2148

What does Vermont Statutes Online § 2148 cover?

Section 2148 ("Consolidation of actions against directors") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Vermont § 2148?

A common citation format is "Vermont Statutes Online § 2148" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Vermont law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.

How does Vermont § 2148 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.