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Searching 2021-2022 Session

The Vermont Statutes Online

 

Title 11 : Corporations, Partnerships and Associations

Chapter 014 : COOPERATIVE HOUSING OWNERSHIP ACT

(Cite as: 11 V.S.A. § 1587)
  • § 1587. Perfection of security interests in cooperative interests

    (a) A security interest in a cooperative interest shall attach, be perfected, and be enforceable as provided in 9A V.S.A. Article 9.

    (b) On request of a secured party, a cooperative housing corporation shall note on its books and records the interest of the secured party in a cooperative interest. No such request or notation is required in order to perfect a security interest in a cooperative interest. (Added 1987, No. 254 (Adj. Sess.), § 1, eff. June 16, 1988.)