Section 9742 - Transactions not coveredThis chapter shall not cover the following transactions:
(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.Added 1969, No. 144, § 1, eff. 6/1/1969; amended 1971, No. 73, § 50, eff. 4/16/1971; 1977, No. 86, § 7; 1983, No. 111 (Adj. Sess.), eff. 2/24/1984; 1997, No. 60, § 80, eff. 9/1/1997.