Vermont § 210 - § 7—210.

§ 210. § 7—210.

• Enforcement of warehouse’s lien (a) Except as otherwise provided in subsection (b) of this section, a warehouse’s lien
  may be enforced by public or private sale of the goods, in bulk or in packages, at
  any time or place and on any terms that are commercially reasonable, after notifying
  all persons known to claim an interest in the goods. The notification shall include
  a statement of the amount due, the nature of the proposed sale, and the time and place
  of any public sale. The fact that a better price could have been obtained by a sale
  at a different time or in a method different from that selected by the warehouse is
  not of itself sufficient to establish that the sale was not made in a commercially
  reasonable manner. The warehouse sells in a commercially reasonable manner if the
  warehouse sells the goods in the usual manner in any recognized market therefore,
  sells at the price current in that market at the time of the sale, or otherwise sells
  in conformity with commercially reasonable practices among dealers in the type of
  goods sold. A sale of more goods than apparently necessary to be offered to ensure
  satisfaction of the obligation is not commercially reasonable, except in cases covered
  by the preceding sentence. (b) A warehouse may enforce its lien on goods, other than goods stored by a merchant in
  the course of its business, only if the following requirements are satisfied: (1) All persons known to claim an interest in the goods shall be notified. (2) The notification shall include an itemized statement of the claim, a description of
  the goods subject to the lien, a demand for payment within a specified time not less
  than 10 days after receipt of the notification, and a conspicuous statement that unless
  the claim is paid within that time the goods will be advertised for sale and sold
  by auction at a specified time and place. (3) The sale shall conform to the terms of the notification. (4) The sale shall be held at the nearest suitable place to where the goods are held or
  stored. (5) After the expiration of the time given in the notification, an advertisement of the
  sale shall be published once a week for two weeks consecutively in a newspaper of
  general circulation where the sale is to be held. The advertisement shall include
  a description of the goods, the name of the person on whose account the goods are
  being held, and the time and place of the sale. The sale shall take place at least
  15 days after the first publication. If there is no newspaper of general circulation
  where the sale is to be held, the advertisement shall be posted at least 10 days before
  the sale in not fewer than six conspicuous places in the neighborhood of the proposed
  sale. (c) Before any sale pursuant to this section, any person claiming a right in the goods
  may pay the amount necessary to satisfy the lien and the reasonable expenses incurred
  in complying with this section. In that event, the goods may not be sold but shall
  be retained by the warehouse subject to the terms of the receipt and this article. (d) A warehouse may buy at any public sale held pursuant to this section. (e) A purchaser in good faith of goods sold to enforce a warehouse’s lien takes the goods
  free of any rights of persons against which the lien was valid, despite the warehouse’s
  noncompliance with this section. (f) A warehouse may satisfy its lien from the proceeds of any sale pursuant to this section
  but shall hold the balance, if any, for delivery on demand to any person to which
  the warehouse would have been bound to deliver the goods. (g) The rights provided by this section are in addition to all other rights allowed by
  law to a creditor against a debtor. (h) If a lien is on goods stored by a merchant in the course of its business, the lien
  may be enforced in accordance with subsection (a) or (b) of this section. (i) A warehouse is liable for damages caused by failure to comply with the requirements
  for sale under this section and, in case of willful violation, is liable for conversion. (Added 2015, No. 51, § B.3, eff. June 3, 2015.)