Vermont § 318 - § 9—318.
Full text of Vermont Vermont Statutes Online § 318 — § 9—318., with citation guidance and answers to common questions.
§ 318. § 9—318.
- No interest retained in right to payment that is sold; rights and title of seller
of account or chattel paper with respect to creditors and purchasers (a) A debtor that has sold an account, chattel paper, payment intangible, or promissory
note does not retain a legal or equitable interest in the collateral sold. (b) For purposes of determining the rights of creditors of, and purchasers for value of
an account or chattel paper from, a debtor that has sold an account or chattel paper,
while the buyer’s security interest is unperfected, the debtor is deemed to have rights
and title to the account or chattel paper identical to those the debtor sold. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001.)
Frequently Asked Questions About Vermont § 318
What does Vermont Statutes Online § 318 cover?
Section 318 ("§ 9—318.") 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 § 318?
A common citation format is "Vermont Statutes Online § 318" (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 § 318 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.