Vermont § 3825 - Assignment of security interest

§ 3825. Assignment of security interest

• (a) A lienholder may assign, absolutely or otherwise, his or her security interest in
  the vessel, snowmobile, or all-terrain vehicle to a person other than the owner without
  affecting the interest of the owner or the validity of the security interest, but
  any person without notice of the assignment is protected in dealing with the lienholder
  as the holder of the security interest and the lienholder remains liable for any obligations
  as lienholder until the assignee is named as lienholder on the certificate. (b) The assignee may, but need not to perfect the assignment, have the certificate of
  title endorsed or issued with the assignee named as lienholder, upon delivering to
  the Commissioner the certificate and an assignment by the lienholder named in the
  certificate in the form the Commissioner prescribes. (Added 1987, No. 152 (Adj. Sess.), § 1; amended 2001, No. 107 (Adj Sess.), § 21.)