The Vermont Statutes Online
The Statutes below include the actions of the 2025 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.
(Cite as: 9 V.S.A. § 2151)
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§ 2151. Nature and form of assignment
An assignment of property, including choses in action, by a debtor for the benefit
of creditors shall be in writing and signed by the debtor. If real estate is assigned,
it shall be by deed, executed and recorded in the same manner as a conveyance of real
estate. Such assignment shall be for the benefit of all the creditors of the assignor
in proportion to their respective claims. An assignment shall not be valid against
a creditor of the assignor if the assignee is a creditor or interested in the provisions
of the assignment.