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. § 9-709)
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§ 9—709. Priority
(a) The provisions of this article as in effect prior to July 1, 2001 determine the priority
of conflicting claims to collateral if the relative priorities of the parties were
fixed before July 1, 2001. In other cases, the provisions of this article as in effect
on and after July 1, 2001 determine priority.
(b) For purposes of subsection 9—322(a) of this title as in effect on and after July 1, 2001, the priority of a security interest that
becomes a perfected security interest under section 9—704 of this title as in effect on and after July 1, 2001 dates from the time the applicable requirements
for perfection are satisfied. This subsection does not apply to conflicting security
interests, each of which becomes a perfected security interest under section 9—704 of this title as in effect on and after July 1, 2001.
(c) For purposes of subsection 9—322(a) of this title as in effect on and after July 1, 2001, the priority of a security interest that
becomes enforceable under section 9—203 of this title as in effect on and after July 1, 2001 dates from July 1, 2001 if the security interest
is perfected under the provisions of this article as in effect on and after July 1,
2001 by the filing of a financing statement before July 1, 2001 which would not have
been effective to perfect the security interest under the provisions of this article
as in effect prior to July 1, 2001. This subsection does not apply to conflicting
security interests, each of which is perfected by the filing of such a financing statement. (Added 2001, No. 46, § 12.)