Vermont § 108 - § 9—108.
Full text of Vermont Vermont Statutes Online § 108 — § 9—108., with citation guidance and answers to common questions.
§ 108. § 9—108.
- Sufficiency of description in a security agreement (a) Except as otherwise provided in subsections (c), (d), and (e) of this section, a description
of personal or real property is sufficient, whether or not it is specific, if it reasonably
identifies what is described. (b) Except as otherwise provided in subsection (d) of this section, a description of collateral
reasonably identifies the collateral if it identifies the collateral by: (1) specific listing; (2) category; (3) except as otherwise provided in subsection (e) of this section, a type of collateral
defined in this title; (4) quantity; (5) computational or allocational formula or procedure; or (6) except as otherwise provided in subsection (c) of this section, any other method,
if the identity of the collateral is objectively determinable. (c) A description of collateral as “all the debtor’s assets” or “all the debtor’s personal
property” or using words of similar import does not reasonably identify the collateral. (d) Except as otherwise provided in subsection (e) of this section, a description of a
security entitlement, securities account, or commodity account is sufficient if it
describes: (1) the collateral by those terms or as investment property; or (2) the underlying financial asset or commodity contract. (e) A description only by type of collateral defined in this title is an insufficient
description of: (1) a commercial tort claim; or (2) in a consumer transaction, consumer goods, a security entitlement, a securities account,
or a commodity account. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001.)
Frequently Asked Questions About Vermont § 108
What does Vermont Statutes Online § 108 cover?
Section 108 ("§ 9—108.") 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 § 108?
A common citation format is "Vermont Statutes Online § 108" (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 § 108 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.