Vermont § 329 - § 9—329.
Full text of Vermont Vermont Statutes Online § 329 — § 9—329., with citation guidance and answers to common questions.
§ 329. § 9—329.
- Priority of security interests in letter-of-credit right The following rules govern priority among conflicting security interests in the same
letter-of-credit right: (1) A security interest held by a secured party having control of the letter-of-credit
right under section 9—107 of this title has priority to the extent of its control over a conflicting security interest held
by a secured party that does not have control. (2) Security interests perfected by control under section 9—314 of this title rank according to priority in time of obtaining control. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001.)
Frequently Asked Questions About Vermont § 329
What does Vermont Statutes Online § 329 cover?
Section 329 ("§ 9—329.") 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 § 329?
A common citation format is "Vermont Statutes Online § 329" (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 § 329 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.