Vermont § 51 - Withdrawal of member municipality A member municipality may withdraw from the District upon the terms and conditions specified in this section:

§ 51. Withdrawal of member municipality A member municipality may withdraw from the District upon the terms and conditions specified in this section:

• (1) Withdrawal during a period of 12 months from the establishment of the District. (A) The Board of Supervisors shall not enter into any long-term contract (meaning for
  a term of more than 12 months) or call a special meeting on incurring long-term debt
  for a period of 12 months from the date the District becomes a body politic and corporate. (B) A vote of withdrawal taken after the District has become a body politic and corporate
  but less than 12 months after that date shall be null and void. (C) After the expiration of 12 months from the date the District becomes a body politic
  and corporate, a member municipality may vote to withdraw in the manner set forth
  in this section. If a majority of the voters of a member municipality present and
  voting at a meeting duly warned for such purpose shall vote to withdraw from the District,
  the vote shall be certified by the clerk of that municipality and presented to the
  Board of Supervisors. Thereafter, the Board shall give notice to the remaining member
  municipalities of the vote to withdraw and shall hold a meeting to determine if it
  is in the best interests of the District to continue to exist. Representatives of
  the member municipalities shall be given an opportunity to be heard at such meeting,
  together with any other interested persons. After such a meeting, the Board of Supervisors
  may declare the District dissolved immediately or as soon thereafter as the financial
  obligations of the District and of each member municipality have been satisfied, or
  it may declare the District shall continue to exist despite the withdrawal of such
  member municipality. The membership of the withdrawing municipality shall terminate
  as soon after such vote to withdraw as the financial obligations of said withdrawing
  municipality have been paid to the District. (2) Withdrawal after District bond vote or entry into long-term contract. (A) Notwithstanding subdivision (1)(C) of this section, if a member municipality votes
  to withdraw after the District has voted to bond itself for construction and improvements
  or to enter a long-term contract, as defined in section 36 of this chapter, the Board
  of Supervisors shall hold a meeting to determine if it is in the best interests of
  the District to continue to exist only after the municipality proposing to withdraw
  has submitted a plan to the Board of Supervisors, which shall at a minimum provide: