32 V.S.A. § 8398 — Revocation of waiver or compromise upon failure of railroad

Should any such railroad cease operation, whether because of failure of consummation
of any feasible plan of reorganization or for any other reason, then and in such event
the provisions of this article relating to suspension of collection of taxes and to
waiver or remission of penalties or forfeitures shall not be operative. In such case,
the provisions of this chapter relating thereto shall apply in all respects, anything
herein to the contrary notwithstanding.