Vermont Statutes Title 5 Sec. 1804
Terms Used In Vermont Statutes Title 5 Sec. 1804
- Agency: means the Agency of Transportation. See
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- corporation: means and includes individuals, partnerships, associations, and corporations, owning or conducting any transportation business or property, other than railroads and aircraft, which are covered by the provisions of this chapter. See
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Person: means an individual, firm, partnership, corporation, company, association, joint stock association, or body politic, including a trustee, receiver, assignee, or other similar representative. See
§ 1804. Duty to furnish copies of contracts
At the request of the Agency of Transportation, a corporation subject to supervision under this chapter shall submit to the Agency for its approval certified copies of contracts entered into after July 1, 1986, between the corporation and any person, partnership, association, trust, or corporation holding, controlling, or owning 10 percent or more of the voting capital stock of the corporation subject to supervision, or with any other corporation that is itself owned or controlled by an individual, partnership, association, trust, or corporation so holding, controlling, or owning 10 percent or more of the voting capital stock of the corporation subject to supervision. (Added 1985, No. 224 (Adj. Sess.), § 1.)