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: 30 V.S.A. § 3034)
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§ 3034. Mortgages; filing
A mortgage, deed of trust, or other instrument executed by a cooperative or foreign
corporation doing business in this State pursuant to this chapter, which affects real
and personal property and which is recorded in the town in which such property is
located or is to be located, shall have the same force and effect as if the mortgage,
deed of trust, or other instrument were also recorded, filed, or indexed as provided
by law in the proper office in such town as a mortgage of personal property. All after-acquired
property of such cooperative or foreign corporation described or referred to as being
mortgaged or pledged in such mortgage, deed of trust, or other instrument, shall become
subject to the lien thereof immediately upon the acquisition of such property by such
cooperative or foreign corporation, whether or not such property was in existence
at the time of the execution of such mortgage, deed of trust, or other instrument.
Recordation of the mortgage, deed of trust, or other instrument shall constitute notice
and otherwise have the same effect with respect to the after-acquired property as
it has under the laws relating to recordation, with respect to property owned by the
cooperative or foreign corporation at the time of the execution of the mortgage, deed
of trust, or other instrument and described or referred to as being mortgaged or pledged. (Amended 2023, No. 85 (Adj. Sess.), § 429, eff. July 1, 2024.)