Vermont § 9742 - Transactions not covered This chapter shall not cover the following transactions:

§ 9742. Transactions not covered This chapter shall not cover the following transactions:

• (1) [Repealed.] (2) the transfer of tangible personal property to a corporation solely in consideration
  for the issuance of its stock, pursuant to a merger or consolidation effected under
  the laws of Vermont or any other jurisdiction; (3) the distribution of property by a corporation to its stockholders as a liquidating
  dividend; (4) the distribution of property by a partnership to its partners in whole or partial
  liquidation; (5) the transfer of property to a corporation upon its organization in consideration for
  the issuance of its stock; (6) the contribution of property to a partnership in consideration for a partnership interest
  therein; (7) the sale of tangible personal property where the purpose of the vendee is to hold
  the thing transferred as security for the performance of an obligation of the vendor; (8) the sawing of lumber owned by the person requesting the sawing or his agent is not
  a “fabrication” within the meaning of subdivision 9771(3) of this title; (9) the use of waste wood for fuel by a manufacturer in its business, where the waste
  wood resulted from the manufacturing operations of the manufacturer, and where such
  wood was purchased by the manufacturer under a claim of the manufacturing exemption
  provided by subdivision 9741(14) of this title or was grown by such manufacturer; and the giving away without charge of such waste
  wood by such manufacturer; and (10) the sale of telecommunications service to an affiliate of the telecommunications provider. (Added 1969, No. 144, § 1, eff