Vermont § 320 - § 9—320.
Full text of Vermont Vermont Statutes Online § 320 — § 9—320., with citation guidance and answers to common questions.
§ 320. § 9—320.
- Buyer of goods (a) Except as otherwise provided in subsection (e) of this section, a buyer in ordinary
course of business, other than a person buying farm products from a person engaged
in farming operations, takes free of a security interest created by the buyer’s seller,
even if the security interest is perfected and the buyer knows of its existence. (b) Except as otherwise provided in subsection (e) of this section, a buyer of goods from
a person who used or bought the goods for use primarily for personal, family, or household
purposes takes free of a security interest, even if perfected, if the buyer buys: (1) without knowledge of the security interest; (2) for value; (3) primarily for the buyer’s personal, family, or household purposes; and (4) before the filing of a financing statement covering the goods. (c) To the extent that it affects the priority of a security interest over a buyer of
goods under subsection (b) of this section, the period of effectiveness of a filing
made in the jurisdiction in which the seller is located is governed by subsections
9—316(a) and (b) of this title. (d) A buyer in ordinary course of business buying oil, gas, or other minerals at the wellhead
or minehead or after extraction takes free of an interest arising out of an encumbrance. (e) Subsections (a) and (b) of this section do not affect a security interest in goods
in the possession of the secured party under section 9—313 of this title. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001.)
Frequently Asked Questions About Vermont § 320
What does Vermont Statutes Online § 320 cover?
Section 320 ("§ 9—320.") 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 § 320?
A common citation format is "Vermont Statutes Online § 320" (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 § 320 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.