Vermont § 3429 - Rights of dissenting members or policyholders

§ 3429. Rights of dissenting members or policyholders

• If not less than five percent of the members or policyholders in a mutual insurer,
  who did not vote in favor of such merger or consolidation at the meeting at which
  the agreement of merger or consolidation was adopted by the members or policyholders
  of such insurer, shall at any time within 30 days after the filing of the affidavit
  of notice of the adoption of the agreement of merger or consolidation as provided
  for in sections 3424 and 3425 of this title, file a petition with the Commissioner for a hearing upon the adoption of such agreement
  of merger or consolidation, the Commissioner shall order a hearing upon said petition
  and give notice fixing the time and place of such hearing, to the insurers that are
  parties to the merger or consolidation 15 days before the date of such hearing