Vermont § 3430 - Effect of merger or consolidation When such merger or consolidation has been effected as hereinabove provided;
Full text of Vermont Vermont Statutes Online § 3430 — Effect of merger or consolidation When such merger or consolidation has been effected as hereinabove provided;, with citation guidance and answers to common questions.
§ 3430. Effect of merger or consolidation When such merger or consolidation has been effected as hereinabove provided;
- (1) The several insurers parties to the agreement of merger or consolidation shall be
a single insurer that shall be: (A) in case of a merger, the surviving insurer a party to the agreement of merger into
which it has been agreed the other insurers parties to the agreement shall be merged,
which surviving insurer shall survive the merger; or (B) in case of a consolidation, the new insurer into which it has been agreed the insurers
parties to the agreement of consolidation shall be consolidated. (2) The separate existence of all of the insurers parties to the agreement of merger or
consolidation, except the surviving insurer in the case of a merger, shall cease. (3) Such single insurer shall have all of the rights, privileges, immunities, and powers
and shall be subject to all of the duties and liabilities of an insurer organized
under this part. (4) Such single insurer shall thereupon and thereafter possess all the rights, privileges,
immunities, powers, and franchises of a public as well as of a private nature of each
of the insurers so merged or consolidated; and all property, real, personal, and mixed,
and all debts due on whatever account, including subscriptions to shares of capital
stock, and all other choses in action and all and every other interest, of or belonging
to or due to each of the insurers so merged or consolidated shall be taken and deemed
to be transferred to and vested in such single insurer without further act or deed;
and the title to any real estate, or any interest therein, under the laws of this
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 3430
What does Vermont Statutes Online § 3430 cover?
Section 3430 ("Effect of merger or consolidation When such merger or consolidation has been effected as hereinabove provided;") 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 § 3430?
A common citation format is "Vermont Statutes Online § 3430" (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 § 3430 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.