Vermont § 1511 - Definition of good faith In this subchapter, payment or delivery of property is made in good faith if a holder:
Full text of Vermont Vermont Statutes Online § 1511 — Definition of good faith In this subchapter, payment or delivery of property is made in good faith if a holder:, with citation guidance and answers to common questions.
§ 1511. Definition of good faith In this subchapter, payment or delivery of property is made in good faith if a holder:
- (1) had a reasonable basis for believing, based on the facts then known, that the property
was required or permitted to be paid or delivered to the Administrator under this
chapter; or (2) made payment or delivery: (A) in response to a demand by the Administrator or Administrator’s agent; or (B) under a guidance or ruling issued by the Administrator that the holder reasonably
believed required or permitted the property to be paid or delivered. (Added 2019, No. 93 (Adj
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 1511
What does Vermont Statutes Online § 1511 cover?
Section 1511 ("Definition of good faith In this subchapter, payment or delivery of property is made in good faith if a holder:") 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 § 1511?
A common citation format is "Vermont Statutes Online § 1511" (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 § 1511 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.