Vermont § 8512 - Withdrawal

§ 8512. Withdrawal

• (a) Once effective, the compact shall continue in force and remain binding upon each and
  every compacting state; provided, that a compacting state may withdraw from the compact
  (“withdrawing state”) by enacting a statute specifically repealing the statute that
  enacted the compact into law. (b) The effective date of withdrawal is the effective date of the repealing statute. However,
  the withdrawal shall not apply to any product filings approved or self-certified,
  or any advertisement of such products, on the date the repealing statute becomes effective,
  except by mutual agreement of the Commission and the withdrawing state, unless the
  approval is rescinded by the withdrawing state as provided in subsection (e) of this
  section. (c) The Commissioner of the withdrawing state shall immediately notify the Management
  Committee in writing upon the introduction of legislation repealing this compact in
  the withdrawing state. (d) The Commission shall notify the other compacting states of the introduction of such
  legislation within 10 days after its receipt of notice thereof. (e) The withdrawing state is responsible for all obligations, duties, and liabilities
  incurred through the effective date of withdrawal, including any obligations the performance
  of which extends beyond the effective date of withdrawal, except to the extent those
  obligations may have been released or relinquished by mutual agreement of the Commission
  and the withdrawing state. The Commission’s approval of products and advertisement
  prior to the effective date of withdrawal shall continue to be effective and be given
  full force and effect in the withdrawing state, unless formally rescinded by the withdrawing
  state in the same manner as provided by the laws of the withdrawing state for the
  prospective disapproval of products or advertisement previously approved under state
  law. (f) Reinstatement following withdrawal of any compacting state shall occur upon the effective
  date of the withdrawing state reenacting the compact. (Added 2005, No. 70, § 2.)