Vermont § 403 - § 4—403.

Full text of Vermont Vermont Statutes Online § 403 — § 4—403., with citation guidance and answers to common questions.

§ 403. § 4—403.

  • Customer’s right to stop payment; burden of proof of loss (a) A customer or any person authorized to draw on the account if there is more than one
    person may stop payment of any item drawn on the customer’s account or close the account
    by an order to the bank describing the item or account with reasonable certainty received
    at a time and in a manner that affords the bank a reasonable opportunity to act on
    it before any action by the bank with respect to the item described in section 4—303 of this title. If the signature of more than one person is required to draw on an account, any
    of these persons may stop payment or close the account. (b) A stop-payment order is effective for six months, but it lapses after 14 calendar
    days if the original order was oral and was not confirmed in writing within that period.
    A stop-payment order may be renewed for additional six-month periods by a writing
    given to the bank within a period during which the stop-payment order is effective. (c) The burden of establishing the fact and amount of loss resulting from the payment
    of an item contrary to a stop-payment order or order to close an account is on the
    customer. The loss from payment of an item contrary to a stop-payment order may include
    damages for dishonor of subsequent items under section 4—402 of this title. (Added 1993, No. 158 (Adj. Sess.), § 13, eff. Jan. 1, 1995.)

Frequently Asked Questions About Vermont § 403

What does Vermont Statutes Online § 403 cover?

Section 403 ("§ 4—403.") 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 § 403?

A common citation format is "Vermont Statutes Online § 403" (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 § 403 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.