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: 24 V.S.A. § 2806)
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§ 2806. Condemned land; notice to mortgagee; application of payment
When such lands are encumbered by mortgage, such municipality shall cause the same
notice to be given to the mortgagee or assignee thereof as is required to be given
to the owner, and the damages agreed upon or otherwise determined, as finally ascertained,
shall be paid to the mortgagee or assignee. However, if the sum due on the mortgage
is less than the damages awarded, the amount due on the mortgage shall be paid to
the holder and the balance to the owner. (Amended 2017, No. 74, § 103.)