Vermont § 305 - § 2A—305.

§ 305. § 2A—305.

• Sale or sublease of goods by lessee (1) Subject to the provisions of section 2A—303 of this title, a buyer or sublessee from the lessee of goods under an existing lease contract obtains,
  to the extent of the interest transferred, the leasehold interest in the goods that
  the lessee had or had power to transfer, and except as provided in subsection (2)
  of this section and section 2A—511(4) of this title, takes subject to the existing lease contract. A lessee with a voidable leasehold
  interest has power to transfer a good leasehold interest to a good faith buyer for
  value or a good faith sublessee for value, but only to the extent set forth in the
  preceding sentence. When goods have been delivered under a transaction of lease the
  lessee has that power even though: (a) the lessor was deceived as to the identity of the lessee; (b) the delivery was in exchange for a check which is later dishonored; or (c) the delivery was procured through fraud punishable as larcenous under the criminal
  law. (2) A buyer in the ordinary course of business or a sublessee in the ordinary course of
  business from a lessee who is a merchant dealing in goods of that kind to whom the
  goods were entrusted by the lessor obtains, to the extent of the interest transferred,
  all of the lessor’s and lessee’s rights to the goods, and takes free of the existing
  lease contract. (3) A buyer or sublessee from the lessee of goods that are subject to an existing lease
  contract and are covered by a certificate of title issued under a statute of this
  state or of another jurisdiction takes no greater rights than those provided both
  by this section and by the certificate of title statute. (Added 1993, No. 158 (Adj. Sess.), § 10, eff. Jan. 1, 1995.)