§ 3022 - Assignment of future earnings; validity as against trustee process; recording - Vermont Statutes

§ 3022. Assignment of future earnings; validity as against trustee process; recording TITLE 12Court ProcedurePART VIIProvisional Remedies; SecurityCHAPTER 121. TRUSTEE PROCESSSubchapter I. Generally; Actions in which Available; Persons and Property Subject to Trustee Process

§ 3022. Assignment of future earnings; validity as against trustee process; recording

An assignment of future earnings shall not be valid against trustee process unless executed in writing and made to secure a debt of an amount therein stated, contracted prior to or simultaneously with the execution of the assignment, or a debt for necessaries to be thereafter furnished to the debtor to the amount therein stated. Such assignment shall not be valid as to such trustee process unless it is recorded, before the service of the writ upon the alleged trustee, as follows:

(1) In the office of the clerk of the town wherein the assignor resides, if he is a resident of this state, otherwise in the office of the clerk of the town wherein the employer of such assignor resides; or

(2) In the office of the clerk of the town wherein the principal place of business of such employer is located, if such assignor is a nonresident and his employer is a resident corporation, partnership or association; or

(3) In the office of the secretary of state, if the assignor is a nonresident and his employer is a nonresident individual, corporation, partnership or association, authorized to do business in this state.