§ 2011 - Nature and extent of lien; registered marks - Vermont Statutes

§ 2011. Nature and extent of lien; registered marks

If a person, firm or corporation shall, by itself or others, make an advance or series of advances of money to the owner of, or person entitled to the possession of, any logs or pulpwood for the purpose of financing the cutting, hauling, yarding, piling, trucking, rafting, booming, driving or towing of the same, it shall have a lien for the amount of all such advances, which shall take precedence over all claims, except taxes and liens provided for and enforceable under section 1991 of this title, and except all other liens legally acquired and filed or recorded prior to the placing of the registered mark thereon as herein provided, upon all of such logs or pulpwood on which it has caused its registered mark to be placed, and such lien with respect to such advances shall continue for all advances for two years after the date of making the last advance, and may be enforced by attachment. The term "registered mark" as used in the foregoing sentence means a mark described in a certificate of registration issued by the secretary of state, pursuant to the provisions of section 2012 of this title, and recorded in the town clerk's office for the town in which such logs or pulpwood were situated when such registered mark was placed thereon, or if the logs or pulpwood were situated in an unorganized town, gore or grant, said registered mark must be recorded by the clerk of the county in which such unorganized town, gore or grant is situated.