# 8 V.S.A. § 3308a: Reorganization formations

> Vermont · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3308a

## Section

- **Citation:** 8 V.S.A. § 3308a
- **Heading:** Reorganization formations
- **Jurisdiction:** Vermont
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** VT Code / Title 8 / Chapter 101 / Section 3308a

## Text

Notwithstanding sections 3302, 3303, 3304, 3307, 3308, and 3309 of this title, the Commissioner may permit the formation of an insurance company without capital or surplus to be merged with or into or consolidated with an existing insurance company authorized to do business under this chapter for the purpose of facilitating a reorganization or acquisition transaction, including a triangular merger transaction, involving such existing company. There shall be no more than one authorized insurance company surviving reorganization under this section.

## Nearby sections

- [8 V.S.A. § 3301 § 3301. Purposes](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3301.md)
- [8 V.S.A. § 3301a § 3301a. Insurance defined](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3301a.md)
- [8 V.S.A. § 3302 § 3302. Plan of organization; incorporators](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3302.md)
- [8 V.S.A. § 3303 § 3303. Mutual companies; directors, charter provisions as to](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3303.md)
- [8 V.S.A. § 3304 § 3304. Capital and surplus requirements](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3304.md)
- [8 V.S.A. § 3305 § 3305. Petition; hearing](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3305.md)
- [8 V.S.A. § 3306 § 3306. Duties of Secretary of State, records](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3306.md)
- [8 V.S.A. § 3307 § 3307. Consideration for stock](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3307.md)
- [8 V.S.A. § 3308 § 3308. List of stockholders; certificate to transact business; liability of president and directors](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3308.md)
- [8 V.S.A. § 3308a § 3308a. Reorganization formations](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3308a.md)
- [8 V.S.A. § 3309 § 3309. Mutual insurers to commence business; when](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3309.md)
- [8 V.S.A. § 3310 § 3310. Amendment of charter](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3310.md)
- [8 V.S.A. § 3311 § 3311. Quorum](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3311.md)
- [8 V.S.A. § 3312 § 3312. Construction with other laws](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3312.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3308a. Check the current official text before relying on it. Not legal advice.