Vermont § 2406 - Conveyance of leaseholds; trust funds
Full text of Vermont Vermont Statutes Online § 2406 — Conveyance of leaseholds; trust funds, with citation guidance and answers to common questions.
§ 2406. Conveyance of leaseholds; trust funds
- (a) Educational, ecclesiastical, or municipal corporations may convey by deed the fee
simple in lands the title to or use of which is held by such corporations under State
or colonial grant for purposes defined in such grants. Such conveyance may be made
to the owner and holder of leasehold rights in such land if such lands are then held
under lease, but shall not be made to other than such holders of leasehold interests
except subject to such leasehold interest, if any, or simultaneously with the extinguishment
thereof. (b) Such lands may be condemned in accordance with and in the manner provided by law. (c) The funds received in consideration of such conveyance or awarded such corporations
as damages in condemnation proceedings shall be kept intact, in trust, by such corporations
as endowment funds, and the income only shall be used for the purposes for which such
lands were originally granted. (d) Such lands as may be sold, conveyed, or condemned as provided in this section shall
thereafter be subject to taxation as are other lands.
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 2406
What does Vermont Statutes Online § 2406 cover?
Section 2406 ("Conveyance of leaseholds; trust funds") 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 § 2406?
A common citation format is "Vermont Statutes Online § 2406" (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 § 2406 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.