Vermont § 50 - Dissolution of the Authority
Full text of Vermont Vermont Statutes Online § 50 — Dissolution of the Authority, with citation guidance and answers to common questions.
§ 50. Dissolution of the Authority
- (a)(1) Upon the affirmative vote of directors representing at least two-thirds of all votes
entitled to be cast on behalf of all members and comprising at least two-thirds of
the directors present, the Board may prepare a plan of dissolution for submission
to the voters of the Authority at a special meeting of the Authority duly warned for
such purposes. (2) If the voters of the Authority present and voting at such special meeting of the Authority
vote to dissolve the Authority, the Authority shall cease to conduct its affairs except
insofar as may be necessary to complete the plan of dissolution and conclude its affairs. (3) The Board of Directors shall cause a notice of the plan of dissolution to be mailed
to each known creditor of the Authority and to the Secretary of State.
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 50
What does Vermont Statutes Online § 50 cover?
Section 50 ("Dissolution of the Authority") 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 § 50?
A common citation format is "Vermont Statutes Online § 50" (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 § 50 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.