§ 3023 - -Transfer of rights and liabilities - Vermont Statutes

§ 3023. -Transfer of rights and liabilities

All the rights, privileges, immunities and franchises and all property, real and personal, including without limitation applications for membership, all debts due on whatever account and all other choses in action, of each of the consolidating or merger cooperatives shall be deemed to be transferred to and vested in the new or surviving cooperative respectively, without further act or deed.