STATE STATUTES & CODES

VERMONT STATUTES AND CODES

Article 9 - Secured Transactions (Contains: §§ 101 – 709)

• § 101 -   Short title
• § 102 -   Definitions and index of definitions
• § 103 -   Purchase-money security interest; application of payments; burden of establishing
• § 103A -   'Production-money crops'; 'production-money obligation'; 'production-money security interest'; burden of establishing
• § 104 -   Control of deposit account
• § 105 -   Control of electronic chattel paper
• § 106 -   Control of investment property
• § 107 -   Control of letter-of-credit right
• § 108 -   Sufficiency of description in a security agreement
• § 109 -   Scope
• § 110 -   Security interests arising under Article 2 or 2a
• § 201 -   General effectiveness of security agreement
• § 202 -   Title to collateral immaterial
• § 203 -   Attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites
• § 204 -   After-acquired property; future advances
• § 205 -   Use or disposition of collateral permissible
• § 206 -   Security interest arising in purchase or delivery of financial asset
• § 207 -   Rights and duties of secured party having possession or control of collateral
• § 208 -   Additional duties of secured party having control of collateral
• § 209 -   Duties of secured party if account debtor has been notified of assignment
• § 210 -   Request for accounting; request regarding list of collateral or statement of account
• § 301 -   Law governing perfection and priority of security interests
• § 302 -   Law governing perfection and priority of agricultural liens
• § 303 -   Law governing perfection and priority of security interests in goods covered by a certificate of title
• § 304 -   Law governing perfection and priority of security interests in deposit accounts
• § 305 -   Law governing perfection and priority of security interests in investment property
• § 306 -   Law governing perfection and priority of security interests in letter-of-credit rights
• § 307 -   Location of debtor
• § 308 -   When security interest or agricultural lien is perfected; continuity of perfection
• § 309 -   Security interest perfected upon attachment
• § 310 -   When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply
• § 311 -   Perfection of security interests in property subject to certain statutes, regulations, and treaties
• § 312 -   Perfection of security interests in chattel paper, deposit accounts, documents, goods covered by documents, instruments, investment property, letter-of-cre
• § 313 -   When possession by or delivery to secured party perfects security interest without filing
• § 314 -   Perfection by control
• § 315 -   Secured party's rights on disposition of collateral and in proceeds
• § 316 -   Continued perfection of security interest following change in governing law
• § 317 -   Interests that take priority over or take free of security interest or agricultural lien
• § 318 -   No interest retained in right to payment that is sold; rights and title of seller of account or chattel paper with respect to creditors and purchasers
• § 319 -   Rights and title of consignee with respect to creditors and purchasers
• § 320 -   Buyer of goods
• § 321 -   Licensee of general intangible and lessee of goods in ordinary course of business
• § 322 -   Priorities among conflicting security interests in and agricultural liens on same collateral
• § 323 -   Future advances
• § 324 -   Priority of purchase-money security interests
• § 325 -   Priority of security interests in transferred collateral
• § 326 -   Priority of security interests created by new debtor
• § 327 -   Priority of security interests in deposit account
• § 328 -   Priority of security interests in investment property
• § 329 -   Priority of security interests in letter-of-credit right
• § 330 -   Priority of purchaser of chattel paper or instrument
• § 331 -   Priority of rights of purchasers of instruments, documents, and securities under other articles; priority of interests in financial assets and security ent
• § 332 -   Transfer of money; transfer of funds from deposit account
• § 333 -   Priority of certain liens arising by operation of law
• § 334 -   Priority of security interests in fixtures and crops
• § 335 -   Accessions
• § 336 -   Commingled goods
• § 337 -   Priority of security interests in goods covered by certificate of title
• § 338 -   Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information
• § 339 -   Priority subject to subordination
• § 340 -   Effectiveness of right of recoupment or set-off against deposit account
• § 341 -   Bank's rights and duties with respect to deposit account
• § 342 -   Bank's right to refuse to enter into or disclose existence of control agreement
• § 401 -   Alienability of debtor's rights
• § 402 -   Secured party not obligated on contract of debtor or in tort
• § 403 -   Agreement not to assert defenses against assignee
• § 404 -   Rights acquired by assignee; claims and defenses against assignee
• § 405 -   Modification of assigned contract
• § 406 -   Discharge of account debtor; notification of assignment; identification and proof of assignment; restrictions on assignment of accounts, chattel paper, pay
• § 407 -   Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest
• § 408 -   Restrictions on assignment of promissory notes, health care insurance receivables, and certain general intangibles ineffective
• § 409 -   Restrictions on assignment of letter-of-credit rights ineffective
• § 501 -   Filing office
• § 502 -   Contents of financing statement; record of mortgage as financing statement; time of filing financing statement
• § 503 -   Name of debtor and secured party
• § 504 -   Indication of collateral
• § 505 -   Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions
• § 506 -   Effect of errors or omissions
• § 507 -   Effect of certain events on effectiveness of financing statement
• § 508 -   Effectiveness of financing statement if new debtor becomes bound by security agreement
• § 509 -   Persons entitled to file a record
• § 510 -   Effectiveness of filed record
• § 511 -   Secured party of record
• § 512 -   Amendment of financing statement
• § 513 -   Termination statement
• § 514 -   Assignment of powers of secured party of record
• § 515 -   Duration and effectiveness of financing statement; effect of lapsed financing statement
• § 516 -   What constitutes filing; effectiveness of filing
• § 517 -   Effect of indexing errors
• § 518 -   Claim concerning inaccurate or wrongfully filed record
• § 519 -   Numbering, maintaining, and indexing records; communicating information provided in records
• § 520 -   Acceptance and refusal to accept record
• § 521 -   Uniform form of written financing statement and amendment
• § 522 -   Maintenance and destruction of records
• § 523 -   Information from filing office; sale or license of records
• § 524 -   Delay by filing office
• § 525 -   Fees
• § 526 -   Filing office rules
• § 527 -   Duty to report
• § 601 -   Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes
• § 602 -   Waiver and variance of rights and duties
• § 603 -   Agreement on standards concerning rights and duties
• § 604 -   Procedure if security agreement covers real property or fixtures
• § 605 -   Unknown debtor or secondary obligor
• § 606 -   Time of default for agricultural lien
• § 607 -   Collection and enforcement by secured party
• § 608 -   Application of proceeds of collection or enforcement; liability for deficiency and right to surplus
• § 609 -   Secured party's right to take possession after default
• § 610 -   Disposition of collateral after default
• § 611 -   Notification before disposition of collateral
• § 612 -   Timeliness of notification before disposition of collateral
• § 613 -   Contents and form of notification before disposition of collateral: general
• § 614 -   Contents and form of notification before disposition of collateral; consumer goods transaction
• § 615 -   Application of proceeds of disposition; liability for deficiency and right to surplus
• § 616 -   Explanation of calculation of surplus or deficiency
• § 617 -   Rights of transferee of collateral
• § 618 -   Rights and duties of certain secondary obligors
• § 619 -   Transfer of record or legal title
• § 620 -   Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral
• § 621 -   Notification of proposal to accept collateral
• § 622 -   Effect of acceptance of collateral
• § 623 -   Right to redeem collateral
• § 624 -   Waiver
• § 625 -   Remedies for secured party's failure to comply with article
• § 626 -   Action in which deficiency or surplus is in issue
• § 627 -   Determination of whether conduct was commercially reasonable
• § 628 -   Nonliability and limitation on liability of secured party; liability of secondary obligor
• § 701 -   Effective date
• § 702 -   Savings clause
• § 703 -   Security interest perfected before effective date
• § 704 -   Security interest unperfected before effective date
• § 705 -   Effectiveness of action taken before effective date
• § 706 -   When initial financing statement suffices as continuation statement
• § 707 -   Amendment of preeffective-date financing statement
• § 708 -   Persons entitled to file initial financing statement or continuation statement
• § 709 -   Priority