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The Vermont Statutes Online
Title
10
:
Conservation and Development
Chapter
155
:
ACQUISITION OF INTERESTS IN LAND BY PUBLIC AGENCIES
§
6308. Rights in perpetuity unless limited
(a) If the
legislative body of a municipality in the case of municipal rights or
interests, or a State agency, in the case of State-owned rights or interests,
finds that the retention of the rights or interests is no longer needed to
carry out the purposes of this chapter, the rights or interests may be released
and conveyed to the co-owner, to another public agency, to another party
holding other rights or interests in the land, or to a third party. Where the conveyance
is to a party other than another public agency or qualified organization, the
municipality or State agency shall receive adequate compensation from that
party for the conveyance of the rights or interests.
(b) The
conveyance of rights or interests in real property less than fee simple made
under the authority of this chapter shall be perpetual, except if the
conveyance is limited by its terms to a specific period. (Added 1969, No. 229
(Adj. Sess.), § 9; amended 1975, No. 186 (Adj. Sess.); 1987, No. 200 (Adj.
Sess.), § 47; 2011, No. 118 (Adj. Sess.), § 4.)