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. § 7-206)
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§ 7—206. Termination of storage at warehouse’s option
(a) A warehouse, by giving notice to the person on whose account the goods are held and
any other person known to claim an interest in the goods, may require payment of any
charges and removal of the goods from the warehouse at the termination of the period
of storage fixed by the document of title or, if a period is not fixed, within a stated
period not less than 30 days after the warehouse gives notice. If the goods are not
removed before the date specified in the notice, the warehouse may sell them pursuant
to section 7—210 of this title.
(b) If a warehouse in good faith believes that goods are about to deteriorate or decline
in value to less than the amount of its lien within the time provided in subsection
(a) of this section and section 7—210 of this title, the warehouse may specify in the notice given under subsection (a) of this section
any reasonable shorter time for removal of the goods and, if the goods are not removed,
may sell them at public sale held not less than one week after a single advertisement
or posting.
(c) If, as a result of a quality or condition of the goods of which the warehouse did
not have notice at the time of deposit, the goods are a hazard to other property,
the warehouse facilities, or other persons, the warehouse may sell the goods at public
or private sale without advertisement or posting on reasonable notification to all
persons known to claim an interest in the goods. If the warehouse, after a reasonable
effort, is unable to sell the goods, it may dispose of them in any lawful manner and
does not incur liability by reason of that disposition.
(d) A warehouse shall deliver the goods to any person entitled to them under this article
upon due demand made at any time before sale or other disposition under this section.
(e) A warehouse may satisfy its lien from the proceeds of any sale or disposition under
this section but shall hold the balance for delivery on the demand of any person to
which the warehouse would have been bound to deliver the goods. (Added 2015, No. 51, § B.3, eff. June 3, 2015.)