Vermont § 806o - Withdrawal and dissolution — Article XVI A

§ 806o. Withdrawal and dissolution — Article XVI A

• . Withdrawal. 1. Once effective, the compact shall continue in force and remain binding upon each and
  every member state; provided that a member state may withdraw immediately from the
  compact by specifically repealing the statute which enacted the compact into law. 2. Withdrawal from this compact shall be by the enactment of a statute repealing the
  same. 3. The withdrawing state shall immediately notify the chairperson of the Interstate Commission
  in writing upon the introduction of legislation repealing this compact in the withdrawing
  state. The Interstate Commission shall notify the other member states of the withdrawing
  state’s intent to withdraw within sixty (60) days of its receipt thereof. 4. The withdrawing state is responsible for all assessments, obligations, and liabilities
  incurred through the effective date of withdrawal, not to exceed $100 per year as
  provided in Article XIV, Section E, of this compact for each year that the State of
  Vermont is a member of the compact. 5. Reinstatement following withdrawal of a member state shall occur upon the withdrawing
  state reenacting the compact or upon such later date as determined by the Interstate
  Commission. B. Dissolution of Compact. 1. This compact shall dissolve effective upon the date of the withdrawal or default of
  the member state which reduces the membership in the compact to one (1) member state. 2. Upon the dissolution of this compact, the compact becomes null and void and shall
  be of no further force or effect, and the business and affairs of the Interstate Commission
  shall be concluded and surplus funds shall be distributed in accordance with the bylaws. (Added 2011, No. 43, § 1.)