The Vermont Statutes Online
The Statutes below include the actions of the 2024 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Title 9A: Uniform Commercial Code
Article 009: Secured Transactions
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§§ 9-101. Short title
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§§ 9-102. Definitions and index of definitions
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§§ 9-103. Purchase-money security interest; application of payments; burden of establishing
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§§ 9-103A. 'Production-money crops'; 'production-money obligation'; 'production-money security interest'; burden of establishing
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§§ 9-104. Control of deposit account
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§§ 9-105. Control of electronic chattel paper
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§§ 9-106. Control of investment property
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§§ 9-107. Control of letter-of-credit right
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§§ 9-108. Sufficiency of description in a security agreement
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§§ 9-109. Scope
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§§ 9-110. Security interests arising under Article 2 or 2a
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§§ 9-201. General effectiveness of security agreement
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§§ 9-202. Title to collateral immaterial
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§§ 9-203. Attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites
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§§ 9-204. After-acquired property; future advances
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§§ 9-205. Use or disposition of collateral permissible
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§§ 9-206. Security interest arising in purchase or delivery of financial asset
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§§ 9-207. Rights and duties of secured party having possession or control of collateral
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§§ 9-208. Additional duties of secured party having control of collateral
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§§ 9-209. Duties of secured party if account debtor has been notified of assignment
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§§ 9-210. Request for accounting; request regarding list of collateral or statement of account
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§§ 9-301. Law governing perfection and priority of security interests
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§§ 9-302. Law governing perfection and priority of agricultural liens
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§§ 9-303. Law governing perfection and priority of security interests in goods covered by a certificate of title
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§§ 9-304. Law governing perfection and priority of security interests in deposit accounts
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§§ 9-305. Law governing perfection and priority of security interests in investment property
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§§ 9-306. Law governing perfection and priority of security interests in letter-of-credit rights
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§§ 9-307. Location of debtor
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§§ 9-308. When security interest or agricultural lien is perfected; continuity of perfection
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§§ 9-309. Security interest perfected upon attachment
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§§ 9-310. When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply
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§§ 9-311. Perfection of security interests in property subject to certain statutes, regulations, and treaties
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§§ 9-312. Perfection of security interests in chattel paper, deposit accounts, documents, goods covered by documents, instruments, investment property, letter-of-credit rights, and money; perfection by permissive filing;
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§§ 9-313. When possession by or delivery to secured party perfects security interest without filing
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§§ 9-314. Perfection by control
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§§ 9-315. Secured party's rights on disposition of collateral and in proceeds
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§§ 9-316. Effect of change in governing law
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§§ 9-317. Interests that take priority over or take free of security interest or agricultural lien
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§§ 9-318. 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
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§§ 9-319. Rights and title of consignee with respect to creditors and purchasers
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§§ 9-320. Buyer of goods
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§§ 9-321. Licensee of general intangible and lessee of goods in ordinary course of business
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§§ 9-322. Priorities among conflicting security interests in and agricultural liens on same collateral
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§§ 9-323. Future advances
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§§ 9-324. Priority of purchase-money security interests
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§§ 9-325. Priority of security interests in transferred collateral
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§§ 9-326. Priority of security interests created by new debtor
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§§ 9-327. Priority of security interests in deposit account
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§§ 9-328. Priority of security interests in investment property
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§§ 9-329. Priority of security interests in letter-of-credit right
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§§ 9-330. Priority of purchaser of chattel paper or instrument
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§§ 9-331. Priority of rights of purchasers of instruments, documents, and securities under other articles; priority of interests in financial assets and security entitlements under Article 8
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§§ 9-332. Transfer of money; transfer of funds from deposit account
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§§ 9-333. Priority of certain liens arising by operation of law
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§§ 9-334. Priority of security interests in fixtures and crops
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§§ 9-335. Accessions
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§§ 9-336. Commingled goods
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§§ 9-337. Priority of security interests in goods covered by certificate of title
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§§ 9-338. Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information
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§§ 9-339. Priority subject to subordination
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§§ 9-340. Effectiveness of right of recoupment or set-off against deposit account
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§§ 9-341. Bank's rights and duties with respect to deposit account
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§§ 9-342. Bank's right to refuse to enter into or disclose existence of control agreement
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§§ 9-401. Alienability of debtor's rights
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§§ 9-402. Secured party not obligated on contract of debtor or in tort
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§§ 9-403. Agreement not to assert defenses against assignee
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§§ 9-404. Rights acquired by assignee; claims and defenses against assignee
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§§ 9-405. Modification of assigned contract
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§§ 9-406. Discharge of account debtor; notification of assignment; identification and proof of assignment; restrictions on assignment of accounts, chattel paper, payment intangibles, and promissory notes ineffective
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§§ 9-407. Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest
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§§ 9-408. Restrictions on assignment of promissory notes, health care insurance receivables, and certain general intangibles ineffective
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§§ 9-409. Restrictions on assignment of letter-of-credit rights ineffective
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§§ 9-501. Filing office
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§§ 9-502. Contents of financing statement; record of mortgage as financing statement; time of filing financing statement
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§§ 9-503. Name of debtor and secured party
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§§ 9-504. Indication of collateral
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§§ 9-505. Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions
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§§ 9-506. Effect of errors or omissions
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§§ 9-507. Effect of certain events on effectiveness of financing statement
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§§ 9-508. Effectiveness of financing statement if new debtor becomes bound by security agreement
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§§ 9-509. Persons entitled to file a record
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§§ 9-510. Effectiveness of filed record
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§§ 9-511. Secured party of record
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§§ 9-512. Amendment of financing statement
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§§ 9-513. Termination statement
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§§ 9-514. Assignment of powers of secured party of record
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§§ 9-515. Duration and effectiveness of financing statement; effect of lapsed financing statement
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§§ 9-516. What constitutes filing; effectiveness of filing
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§§ 9-517. Effect of indexing errors
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§§ 9-518. Claim concerning inaccurate or wrongfully filed record
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§§ 9-519. Numbering, maintaining, and indexing records; communicating information provided in records
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§§ 9-520. Acceptance and refusal to accept record
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§§ 9-521. Uniform form of written financing statement and amendment
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§§ 9-522. Maintenance and destruction of records
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§§ 9-523. Information from filing office; sale or license of records
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§§ 9-524. Delay by filing office
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§§ 9-525. Fees
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§§ 9-526. Filing office rules
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§§ 9-527. Repealed. 2013, No. 142 (Adj. Sess.), § 84.
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§§ 9-601. Rights after default; judicial enforcement; consignor or buyer accounts; chattel paper, payment intangibles, or promissory notes
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§§ 9-602. Waiver and variance of rights and duties
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§§ 9-603. Agreement on standards concerning rights and duties
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§§ 9-604. Procedure if security agreement covers real property or fixtures
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§§ 9-605. Unknown debtor or secondary obligor
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§§ 9-606. Time of default for agricultural lien
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§§ 9-607. Collection and enforcement by secured party
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§§ 9-608. Application of proceeds of collection or enforcement; liability for deficiency and right to surplus
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§§ 9-609. Secured party's right to take possession after default
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§§ 9-610. Disposition of collateral after default
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§§ 9-611. Notification before disposition of collateral
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§§ 9-612. Timeliness of notification before disposition of collateral
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§§ 9-613. Contents and form of notification before disposition of collateral: general
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§§ 9-614. Contents and form of notification before disposition of collateral; consumer goods transaction
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§§ 9-615. Application of proceeds of disposition; liability for deficiency and right to surplus
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§§ 9-616. Explanation of calculation of surplus or deficiency
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§§ 9-617. Rights of transferee of collateral
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§§ 9-618. Rights and duties of certain secondary obligors
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§§ 9-619. Transfer of record or legal title
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§§ 9-620. Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral
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§§ 9-621. Notification of proposal to accept collateral
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§§ 9-622. Effect of acceptance of collateral
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§§ 9-623. Right to redeem collateral
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§§ 9-624. Waiver
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§§ 9-625. Remedies for secured party's failure to comply with article
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§§ 9-626. Action in which deficiency or surplus is in issue
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§§ 9-627. Determination of whether conduct was commercially reasonable
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§§ 9-628. Nonliability and limitation on liability of secured party; liability of secondary obligor
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§§ 9-701. Effective date
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§§ 9-702. Savings clause
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§§ 9-703. Security interest perfected before effective date
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§§ 9-704. Security interest unperfected before effective date
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§§ 9-705. Effectiveness of action taken before effective date
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§§ 9-706. When initial financing statement suffices as continuation statement
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§§ 9-707. Amendment of preeffective-date financing statement
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§§ 9-708. Persons entitled to file initial financing statement or continuation statement
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§§ 9-709. Priority
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§§ 9-801. Effective date
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§§ 9-802. Savings clause
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§§ 9-803. Security interest perfected before effective date
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§§ 9-804. Security interest unperfected before effective date
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§§ 9-805. Effectiveness of action taken before effective date
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§§ 9-806. When an initial financing statement suffices to continue effectiveness of a financing statement
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§§ 9-807. Amendment of pre-effective-date financing statement
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§§ 9-808. Person entitled to file initial financing statement or continuation statement
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§§ 9-809. Priority