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
:
SECURITY INTERESTS
(Cite as: 23 V.S.A. § 2044)
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§ 2044. Assignment of security interest
(a) A lienholder may assign, absolutely or otherwise, his or her security interest in
the vehicle to a person other than the owner without affecting the interest of the
owner or the validity of the security interest, but any person without notice of the
assignment is protected in dealing with the lienholder as the holder of the security
interest and the lienholder remains liable for any obligations as lienholder until
the assignee is named as lienholder on the certificate.
(b) The assignee may, but need not to perfect the assignment, have the certificate of
title endorsed or issued with the assignee named as lienholder, upon delivering to
the Commissioner the certificate and an assignment by the lienholder named in the
certificate in the form the Commissioner prescribes. (Added 1969, No. 297 (Adj. Sess.), § 1, eff. Sept. 1, 1971.)