Vermont § 406 - § 3—406.

Full text of Vermont Vermont Statutes Online § 406 — § 3—406., with citation guidance and answers to common questions.

§ 406. § 3—406.

  • Negligence contributing to forged signature or alteration of instrument (a) A person whose failure to exercise ordinary care substantially contributes to an alteration
    of an instrument or to the making of a forged signature on an instrument is precluded
    from asserting the alteration or the forgery against a person who, in good faith,
    pays the instrument or takes it for value or for collection. (b) Under subsection (a) of this section, if the person asserting the preclusion fails
    to exercise ordinary care in paying or taking the instrument and that failure substantially
    contributes to loss, the loss is allocated between the person precluded and the person
    asserting the preclusion according to the extent to which the failure of each to exercise
    ordinary care contributed to the loss. (c) Under subsection (a) of this section, the burden of proving failure to exercise ordinary
    care is on the person asserting the preclusion. Under subsection (b) of this section,
    the burden of proving failure to exercise ordinary care is on the person precluded. (Added 1993, No. 158 (Adj. Sess.), § 12, eff. Jan. 1, 1995.)

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Frequently Asked Questions About Vermont § 406

What does Vermont Statutes Online § 406 cover?

Section 406 ("§ 3—406.") 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 § 406?

A common citation format is "Vermont Statutes Online § 406" (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 § 406 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.