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Vt. Stat. Ann. tit. 32, § 9742

Transactions not covered

Added 1969, No. 144, § 1, eff

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(1) [Repealed.]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.

Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.