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.
Subchapter
003
:
PARTICULAR PROCEEDINGS
(Cite as: 12 V.S.A. § 3151)
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§ 3151. Trustee may file bond and sell property
When such action is pending in the Supreme or Superior Court, the trustee may sell
the property, and the purchaser shall hold the same released from the mortgage and
attachment, if such trustee files with the clerk of the court:
(1) a bond to the plaintiff in a sum equal to the amount for which attachment is directed
in the writ, with sufficient sureties, approved by such clerk or judge, conditioned
that such trustee will pay the judgment rendered against him or her in the action;
and
(2) a bond to the defendant in a penal sum double the amount of the mortgage debt, with
sureties approved as aforesaid, conditioned that he or she will pay the balance due
upon the mortgage after paying such judgment and that, if discharged as trustee, he
or she will pay the amount secured by the mortgage. (Amended 1965, No. 194, § 10, eff. July 1, 1965, operative Feb. 1, 1967; 1973, No. 193 (Adj. Sess.), § 3, eff. April 9, 1974; 2009, No. 154 (Adj. Sess.), § 79.)