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
004
:
MORTGAGES
(Cite as: 27 V.S.A. § 469)
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§ 469. Mortgagee corporation whose charter has expired
When it appears from the record of a mortgage on real estate that the mortgage is
undischarged, and the mortgagee, or the assignee of the mortgage, is a private corporation
whose charter has expired by its own limitation, or has been dissolved by operation
of law, forfeiture, or for any other reason, a complaint may be brought to the presiding
judge of the Superior Court of the county where the mortgage is recorded and, after
such hearing as the presiding judge may direct, if the judge is satisfied that the
conditions of the mortgage have been complied with, and have no force in law, and
is further satisfied that there is no person within the State having authority to
discharge the mortgage, the judge may direct an order discharging the mortgage. The
proceedings shall be without taxation of costs except that the moving party shall
bear the costs of the notice as the presiding judge may order. (Amended 1973, No. 193 (Adj. Sess.), § 3, eff. April 9, 1974; 2023, No. 6, § 338, eff. July 1, 2023.)