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. § 9-306B)
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§ 9—306B. Law governing perfection and priority of security interests in controllable accounts,
controllable electronic records, and controllable payment intangibles
(a) Except as provided in subsection (b) of this section, the local law of the controllable
electronic record’s jurisdiction specified in subsections 12—107(c) and (d) of this
title governs perfection, the effect of perfection or nonperfection, and the priority
of a security interest in a controllable electronic record and a security interest
in a controllable account or controllable payment intangible evidenced by the controllable
electronic record.
(b) The local law of the jurisdiction in which the debtor is located governs:
(1) perfection of a security interest in a controllable account, controllable electronic
record, or controllable payment intangible by filing; and
(2) automatic perfection of a security interest in a controllable payment intangible created
by a sale of the controllable payment intangible. (Added 2025, No. 17, § 9, eff. July 1, 2025.)