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Searching 2021-2022 Session

The Vermont Statutes Online


Title 9A : Uniform Commercial Code


(Cite as: 9A V.S.A. § 9-110)
  • § 9-110. Security interests arising under Article 2 or 2a

    A security interest arising under section 2- 401, or 2- 505, or subsection 2- 711(3) or 2A- 508(5) of this title is subject to this article. However, until the debtor obtains possession of the goods:

    (1) the security interest is enforceable, even if subdivision 9- 203(b)(3) of this title has not been satisfied;

    (2) filing is not required to perfect the security interest;

    (3) the rights of the secured party after default by the debtor are governed by Article 2 or 2A; and

    (4) the security interest has priority over a conflicting security interest created by the debtor. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001.)