§ 3014 - Maker or indorser of negotiable paper; exemptions - Vermont Statutes

§ 3014. Maker or indorser of negotiable paper; exemptions TITLE 12Court ProcedurePART VIIProvisional Remedies; SecurityCHAPTER 121. TRUSTEE PROCESSSubchapter I. Generally; Actions in which Available; Persons and Property Subject to Trustee Process

§ 3014. Maker or indorser of negotiable paper; exemptions

Negotiable paper may be attached by and the same shall be subject to the operation of the trustee process, unless the same had been negotiated and notice thereof given to the maker or indorser before the service of the trustee process on him. Negotiable paper, actually assigned, negotiated and transferred, before it becomes due, to a bank, savings bank, savings institution, trust company or insurance company, in the state, shall be exempt from attachment by trustee process.