Vermont § 112 - § 8—112.

Full text of Vermont Vermont Statutes Online § 112 — § 8—112., with citation guidance and answers to common questions.

§ 112. § 8—112.

  • Creditor’s legal process (a) The interest of a debtor in a certificated security may be reached by a creditor only
    by actual seizure of the security certificate by the officer making the attachment
    or levy, except as otherwise provided in subsection (d) of this section. However,
    a certificated security for which the certificate has been surrendered to the issuer
    may be reached by a creditor by legal process upon the issuer. (b) The interest of a debtor in an uncertificated security may be reached by a creditor
    only by legal process upon the issuer at its chief executive office in the United
    States, except as otherwise provided in subsection (d) of this section. (c) The interest of a debtor in a security entitlement may be reached by a creditor only
    by legal process upon the securities intermediary with whom the debtor’s securities
    account is maintained, except as otherwise provided in subsection (d) of this section. (d) The interest of a debtor in a certificated security for which the certificate is in
    the possession of a secured party, or in an uncertificated security registered in
    the name of a secured party, or a security entitlement maintained in the name of a
    secured party, may be reached by a creditor by legal process upon the secured party. (e) A creditor whose debtor is the owner of a certificated security, uncertificated security,
    or security entitlement is entitled to aid from a court of competent jurisdiction,
    by injunction or otherwise, in reaching the certificated security, uncertificated
    security, or security entitlement or in satisfying the claim by means allowed at law
    or in equity in regard to property that cannot readily be reached by other legal process. (Added 1995, No. 92 (Adj. Sess.), § 1, eff. Jan. 1, 1997.)

Frequently Asked Questions About Vermont § 112

What does Vermont Statutes Online § 112 cover?

Section 112 ("§ 8—112.") 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 § 112?

A common citation format is "Vermont Statutes Online § 112" (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 § 112 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.