Vermont § 112 - § 3—112.

§ 112. § 3—112.

• Interest (a) Unless otherwise provided in the instrument, (i) an instrument is not payable with
  interest, and (ii) interest on an interest-bearing instrument is payable from the
  date of the instrument. (b) Interest may be stated in an instrument as a fixed or variable amount of money or
  it may be expressed as a fixed or variable rate or rates. The amount or rate of interest
  may be stated or described in the instrument in any manner and may require reference
  to information not contained in the instrument. If an instrument provides for interest,
  but the amount of interest payable cannot be ascertained from the description, interest
  is payable at the judgment rate in effect at the place of payment of the instrument
  and at the time interest first accrues. (Added 1993, No. 158 (Adj. Sess.), § 12, eff. Jan. 1, 1995.)