Vermont § 2290 - When transfer is made or obligation is incurred For the purposes of this chapter:

§ 2290. When transfer is made or obligation is incurred For the purposes of this chapter:

• (1) a transfer is made: (A) with respect to an asset that is real property other than a fixture, but including
  the interest of a seller or purchaser under a contract for the sale of the asset,
  when the transfer is so far perfected that a good-faith purchaser of the asset from
  the debtor against whom applicable law permits the transfer to be perfected cannot
  acquire an interest in the asset that is superior to the interest of the transferee;
  and (B) with respect to an asset that is not real property or that is a fixture, when the
  transfer is so far perfected that a creditor on a simple contract cannot acquire a
  judicial lien otherwise than under this chapter that is superior to the interest of
  the transferee; (2) if applicable law permits the transfer to be perfected as provided in subdivision
  (1) of this section and the transfer is not so perfected before the commencement of
  an action for relief under this chapter, the transfer is deemed made immediately before
  the commencement of the action; (3) if applicable law does not permit the transfer to be perfected as provided in subdivision
  (1) of this section, the transfer is made when it becomes effective between the debtor
  and the transferee; (4) a transfer is not made until the debtor has acquired rights in the asset transferred; (5) an obligation is incurred: (A) if oral, when it becomes effective between parties; or (B) if evidenced by a record, when the record signed by the obligor is delivered to or
  for the benefit of the obligee. (Added 1995, No. 179 (Adj