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public interest. It shall be unlawful for any person, association, or corporation engaged in such business to discriminate between persons engaged in publishing newspapers. Any combination having for its object or effect the controlling of news gathered for distribution and publication shall be deemed a trust and is prohibited and declared unlawful. All associations or corporations engaged in such business shall without discrimination in price render equal and impartial service to all newspapers offering to pay a reasonable price therefor. All telephone and telegraph companies employed to transmit such news shall be deemed process agents for such companies, and an offer to pay a reasonable price to such telephone or telegraph companies shall be deemed an offer to such news gathering agency. All contracts in violation of this act are void and unenforceable. In any action brought under this act it shall be sufficient to prove that such trust or combination existed and that such person was a member of it or acted in connection with it. See Vol. State Price Control Legislation: Antidiscrimination Legislation.

No provisions.

2. Public Contract Provisions

3. Anticoercive Financing Statutes

Rev. Stat. Ann. (Supp., 1939)

Motor Vehicles

Sections 57-6-16 to 57-6-29 are identical in text with the Colorado See Colo. Stat. Ann. (Michie, Supp. 1938), c. 16, secs. 407

to 419, set forth in full at pages 72-76, supra.

II. CONTRACTS NOT TO COMPETE

No statutory provisions.

III. TYING CONTRACTS AND EXCLUSIVE DEALING ARRANGEMENTS

Rev. Stat. Ann. (Supp., 1939)
Cooperatives

Section 2-0-17 provides that an agricultural cooperative association may require members to execute contracts with it, binding them to sell all or part of their products to it or to buy all or part of their supplies from it. The duration of such contracts shall not exceed three years unless they contain provisions allowing members to withdraw from the association during a stated period each year after the third year. No contract between the association and a member thereof shall be deemed to be in restraint of trade or an illegal conspiracy. Sec. 2-0-19 (a). See Exceptions to General Antitrust Laws, supra. See also Cooperatives in projected study.

VERMONT

I. TRUSTS, COMBINATIONS, AND MONOPOLIES

A. GENERAL ANTITRUST LAWS

CONSTITUTIONAL PROVISIONS

No provisions.

STATUTORY PROVISIONS

Rev. Pub. Laws (1933)

Sec. 5855. Court of chancery; powers.-The court of chancery of the county where the corporation has its principal office may, upon petition and after notice and hearing and upon such terms and conditions as it deems just, dissolve any corporation whenever it appears that its business transactions are repugnant to the laws of this state. It shall so dissolve any corporation which has created a monopoly or unreasonably restrained competition in trade.1

Holding Companies

Section 5819 prohibits holding companies and provides that a violation of this provision shall be cause for the dissolution of the offending corporation.

Corporations

Section 5822 provides that when stock of another corporation is received by a corporation in return for the lease or sale of its corporate assets all of such stock must be disposed of within two years from the time it was acquired. Failure to make such disposition shall be cause for the dissolution of the offending corporation.

'This section is a part of the General Corporation Law, secs. 5786 to 6012.

B. EXCEPTIONS TO GENERAL ANTITRUST LAWS

Rev. Pub. Laws (1933)
Cooperatives

Section 5942 provides that an agricultural marketing association organized under sections 5905 to 5946 shall not be deemed to be a conspiracy, combination in restraint of trade, an illegal monopoly, or an attempt to lessen competition or fix prices arbitrarily. See Tying Contracts and Exclusive Dealing Arrangements, infra. See also Cooperatives in projected study.

C. SPECIAL ANTITRUST LAWS

1. Special Industry Antitrust Acts

Rev. Pub. Laws (1933)

Corporations Under Jurisdiction of Public Service Commission Section 6004 provides that when stock of another corporation is received by a corporation under the jurisdiction of the Public Service Commission in return for the sale or lease of its corporate assets, all of such stock must be disposed of within 2 years from the time it was acquired. Failure to make such disposition shall be cause for the dissolution of the offending corporation.

Section 6012 provides that a consolidation or merger of corpora tions under the jurisdiction of the Public Service Commission shall not become effective without the approval of the commission after due notice and hearing, and the finding on its part that such consolidation or merger will not result in obstructing or preventing competition in the purchase or sale of any product, service, or commodity, in the sale, purchase, or manufacture of which such corporations are engaged.

Dairy Products-Discrimination

Sections 7722-7723 as amended by L. 1939, Temporary No. 110, prohibits discrimination between different localities, or between different persons in the same locality in the prices paid for milk, cream, or butterfat where this is done with the intention of creating a monopoly, or to restrain trade, or to prevent or limit competition, or to destroy the business of a competitor. See Vol. State Price Control.

L. 1st Ex. 1934, Act 1
Liquor

Section 2, as amended by L. 1935, Act 193, provides that a manufacturer or rectifier shall not have any direct or indirect financial

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