Vermont Statutes Title 5 Sec. 3578
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Terms Used In Vermont Statutes Title 5 Sec. 3578
- 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.
- State: when applied to the different parts of the United States may apply to the District of Columbia and any territory and the Commonwealth of Puerto Rico. See
- Town: shall include city and wards or precincts therein; "selectboard members" and "board of civil authority" shall extend to and include the mayor and aldermen of cities; "trustees" shall extend to and include bailiffs of incorporated villages; and the laws applicable to the inhabitants and officers of towns shall be applicable to the inhabitants and similar officers of all municipal corporations. See
§ 3578. Release of corporation from liability
The liability of the corporation shall continue although the railroad has been abandoned, unless the town‘s selectboard members consent in writing that the corporation be released from liability, or unless the corporation or its assigns restore the crossing to its original state of usefulness and permanency. The written consent shall be recorded in the record of deeds in the town clerk’s office by the selectboard members. (Amended 2021, No. 105 (Adj. Sess.), § 33, eff. July 1, 2022.)