Vermont Statutes Title 5 Sec. 3528
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Terms Used In Vermont Statutes Title 5 Sec. 3528
- 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.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- 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
§ 3528. Payment or deposit of damages conveys property
Upon the payment of the damages, as determined by the commissioners, and including accrued costs and charges, by the corporation or upon the deposit of the same by the corporation in the bank or with the clerk of the Supreme Court, as the commissioners direct, to the credit of the person to whom the damages have been awarded, such bank or clerk giving notice personally or by mail to such persons that such deposit has been made, the corporation shall be deemed to be seized and possessed of the land or other property appraised by the commissioners. (Amended 2023, No. 6, § 26, eff. July 1, 2023.)