PocketLaw | Vermont Statutes | Secured Transactions

Secured Transactions

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Short title

Definitions and index of definitions

Purchase-money security interest; application of payments; burden of establishing

'Production-money crops'; 'production-money obligation'; 'production-money security interest'; burden of establishing

Control of deposit account

Control of electronic chattel paper

Control of investment property

Control of letter-of-credit right

Sufficiency of description in a security agreement

Scope

Security interests arising under Article 2 or 2a

General effectiveness of security agreement

Title to collateral immaterial

Attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites

After-acquired property; future advances

Use or disposition of collateral permissible

Security interest arising in purchase or delivery of financial asset

Rights and duties of secured party having possession or control of collateral

Additional duties of secured party having control of collateral

Duties of secured party if account debtor has been notified of assignment

Request for accounting; request regarding list of collateral or statement of account

Law governing perfection and priority of security interests

Law governing perfection and priority of agricultural liens

Law governing perfection and priority of security interests in goods covered by a certificate of title

Law governing perfection and priority of security interests in deposit accounts

Law governing perfection and priority of security interests in investment property

Law governing perfection and priority of security interests in letter-of-credit rights

Location of debtor

When security interest or agricultural lien is perfected; continuity of perfection

Security interest perfected upon attachment

When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply

Perfection of security interests in property subject to certain statutes, regulations, and treaties

Perfection of security interests in chattel paper, deposit accounts, documents, goods covered by documents, instruments, investment property, letter-of-credit rights, and money; perfection by permissive filing; tempora

When possession by or delivery to secured party perfects security interest without filing

Perfection by control

Secured party's rights on disposition of collateral and in proceeds

Effect of change in governing law

Interests that take priority over or take free of security interest or agricultural lien

No interest retained in right to payment that is sold; rights and title of seller of account or chattel paper with respect to creditors and purchasers

Rights and title of consignee with respect to creditors and purchasers

Buyer of goods

Licensee of general intangible and lessee of goods in ordinary course of business

Priorities among conflicting security interests in and agricultural liens on same collateral

Future advances

Priority of purchase-money security interests

Priority of security interests in transferred collateral

Priority of security interests created by new debtor

Priority of security interests in deposit account

Priority of security interests in investment property

Priority of security interests in letter-of-credit right

Priority of purchaser of chattel paper or instrument

Priority of rights of purchasers of instruments, documents, and securities under other articles; priority of interests in financial assets and security entitlements under Article 8

Transfer of money; transfer of funds from deposit account

Priority of certain liens arising by operation of law

Priority of security interests in fixtures and crops

Accessions

Commingled goods

Priority of security interests in goods covered by certificate of title

Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information

Priority subject to subordination

Effectiveness of right of recoupment or set-off against deposit account

Bank's rights and duties with respect to deposit account

Bank's right to refuse to enter into or disclose existence of control agreement

Alienability of debtor's rights

Secured party not obligated on contract of debtor or in tort

Agreement not to assert defenses against assignee

Rights acquired by assignee; claims and defenses against assignee

Modification of assigned contract

Discharge of account debtor; notification of assignment; identification and proof of assignment; restrictions on assignment of accounts, chattel paper, payment intangibles, and promissory notes ineffective

Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest

Restrictions on assignment of promissory notes, health care insurance receivables, and certain general intangibles ineffective

Restrictions on assignment of letter-of-credit rights ineffective

Filing office

Contents of financing statement; record of mortgage as financing statement; time of filing financing statement

Name of debtor and secured party

Indication of collateral

Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions

Effect of errors or omissions

Effect of certain events on effectiveness of financing statement

Effectiveness of financing statement if new debtor becomes bound by security agreement

Persons entitled to file a record

Effectiveness of filed record

Secured party of record

Amendment of financing statement

Termination statement

Assignment of powers of secured party of record

Duration and effectiveness of financing statement; effect of lapsed financing statement

What constitutes filing; effectiveness of filing

Effect of indexing errors

Claim concerning inaccurate or wrongfully filed record

Numbering, maintaining, and indexing records; communicating information provided in records

Acceptance and refusal to accept record

Uniform form of written financing statement and amendment

Maintenance and destruction of records

Information from filing office; sale or license of records

Delay by filing office

Fees

Filing office rules

Repealed. 2013, No. 142 (Adj. Sess.), § 84.

Rights after default; judicial enforcement; consignor or buyer accounts; chattel paper, payment intangibles, or promissory notes

Waiver and variance of rights and duties

Agreement on standards concerning rights and duties

Procedure if security agreement covers real property or fixtures

Unknown debtor or secondary obligor

Time of default for agricultural lien

Collection and enforcement by secured party

Application of proceeds of collection or enforcement; liability for deficiency and right to surplus

Secured party's right to take possession after default

Disposition of collateral after default

Notification before disposition of collateral

Timeliness of notification before disposition of collateral

Contents and form of notification before disposition of collateral: general

Contents and form of notification before disposition of collateral; consumer goods transaction

Application of proceeds of disposition; liability for deficiency and right to surplus

Explanation of calculation of surplus or deficiency

Rights of transferee of collateral

Rights and duties of certain secondary obligors

Transfer of record or legal title

Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral

Notification of proposal to accept collateral

Effect of acceptance of collateral

Right to redeem collateral

Waiver

Remedies for secured party's failure to comply with article

Action in which deficiency or surplus is in issue

Determination of whether conduct was commercially reasonable

Nonliability and limitation on liability of secured party; liability of secondary obligor

Effective date

Savings clause

Security interest perfected before effective date

Security interest unperfected before effective date

Effectiveness of action taken before effective date

When initial financing statement suffices as continuation statement

Amendment of preeffective-date financing statement

Persons entitled to file initial financing statement or continuation statement

Priority

Effective date

Savings clause

Security interest perfected before effective date

Security interest unperfected before effective date

Effectiveness of action taken before effective date

When an initial financing statement suffices to continue effectiveness of a financing statement

Amendment of pre-effective-date financing statement

Person entitled to file initial financing statement or continuation statement

Priority