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. § 9-314A)
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§ 9—314A. Perfection by possession and control of chattel paper
(a) A secured party may perfect a security interest in chattel paper by taking possession
of each authoritative tangible copy of the record evidencing the chattel paper and
obtaining control of each authoritative electronic copy of the electronic record evidencing
the chattel paper.
(b) A security interest is perfected under subsection (a) of this section not earlier
than the time the secured party takes possession and obtains control and remains perfected
under subsection (a) of this section only while the secured party retains possession
and control.
(c) Subsections 9—313(c) and (f)–(i) of this title apply to perfection by possession of
an authoritative tangible copy of a record evidencing chattel paper. (Added 2025, No. 17, § 9, eff. July 1, 2025.)