Vermont § 104 - § 9—104.
Full text of Vermont Vermont Statutes Online § 104 — § 9—104., with citation guidance and answers to common questions.
§ 104. § 9—104.
- Control of deposit account (a) A secured party has control of a deposit account if: (1) the secured party is the bank with which the deposit account is maintained; (2) the debtor, secured party, and bank have agreed in a signed record that the bank will
comply with instructions originated by the secured party directing disposition of
the funds in the account without further consent by the debtor; (3) the secured party becomes the bank’s customer with respect to the deposit account;
or (4) another person, other than the debtor: (A) has control of the deposit account and acknowledges that it has control on behalf
of the secured party; or (B) obtains control of the deposit account after having acknowledged that it will obtain
control of the deposit account on behalf of the secured party. (b) A secured party that has satisfied subsection (a) of this section has control, even
if the debtor retains the right to direct the disposition of funds from the deposit
account. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001; amended 2025, No. 17, § 9, eff. July 1, 2025.)
Frequently Asked Questions About Vermont § 104
What does Vermont Statutes Online § 104 cover?
Section 104 ("§ 9—104.") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 104?
A common citation format is "Vermont Statutes Online § 104" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 104 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.