§6308. Rights in perpetuity unless limited

Link to law: http://legislature.vermont.gov/statutes/section/10/155/06308
Published: 2015

Print

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.)
Read Entire Law on legislature.vermont.gov