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: 9A V.S.A. § 4-403)
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§ 4—403. Customer’s right to stop payment; burden of proof of loss
(a) A customer or any person authorized to draw on the account if there is more than one
person may stop payment of any item drawn on the customer’s account or close the account
by an order to the bank describing the item or account with reasonable certainty received
at a time and in a manner that affords the bank a reasonable opportunity to act on
it before any action by the bank with respect to the item described in section 4—303 of this title. If the signature of more than one person is required to draw on an account, any
of these persons may stop payment or close the account.
(b) A stop-payment order is effective for six months, but it lapses after 14 calendar
days if the original order was oral and was not confirmed in writing within that period.
A stop-payment order may be renewed for additional six-month periods by a writing
given to the bank within a period during which the stop-payment order is effective.
(c) The burden of establishing the fact and amount of loss resulting from the payment
of an item contrary to a stop-payment order or order to close an account is on the
customer. The loss from payment of an item contrary to a stop-payment order may include
damages for dishonor of subsequent items under section 4—402 of this title. (Added 1993, No. 158 (Adj. Sess.), § 13, eff. Jan. 1, 1995.)