Vermont § 206 - § 9—206.
Full text of Vermont Vermont Statutes Online § 206 — § 9—206., with citation guidance and answers to common questions.
§ 206. § 9—206.
- Security interest arising in purchase or delivery of financial asset (a) A security interest in favor of a securities intermediary attaches to a person’s security
entitlement if: (1) the person buys a financial asset through the securities intermediary in a transaction
in which the person is obligated to pay the purchase price to the securities intermediary
at the time of the purchase; and (2) the securities intermediary credits the financial asset to the buyer’s securities
account before the buyer pays the securities intermediary. (b) The security interest described in subsection (a) of this section secures the person’s
obligation to pay for the financial asset. (c) A security interest in favor of a person that delivers a certificated security or
other financial asset represented by a writing attaches to the security or other financial
asset if: (1) the security or other financial asset: (A) in the ordinary course of business is transferred by delivery with any necessary indorsement
or assignment; and (B) is delivered under an agreement between persons in the business of dealing with such
securities or financial assets; and (2) the agreement calls for delivery against payment. (d) The security interest described in subsection (c) of this section secures the obligation
to make payment for the delivery. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001.)
Frequently Asked Questions About Vermont § 206
What does Vermont Statutes Online § 206 cover?
Section 206 ("§ 9—206.") 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 § 206?
A common citation format is "Vermont Statutes Online § 206" (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 § 206 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.