Vermont § 407 - § 9—407.

§ 407. § 9—407.

• Restrictions on creation or enforcement of security interest in leasehold interest
  or in lessor’s residual interest (a) Except as otherwise provided in subsection (b) of this section, a term in a lease
  agreement is ineffective to the extent that it: (1) prohibits, restricts, or requires the consent of a party to the lease to the assignment
  or transfer of, or the creation, attachment, perfection, or enforcement of a security
  interest in, an interest of a party under the lease contract or in the lessor’s residual
  interest in the goods; or (2) provides that the assignment or transfer or the creation, attachment, perfection,
  or enforcement of the security interest may give rise to a default, breach, right
  of recoupment, claim, defense, termination, right of termination, or remedy under
  the lease. (b) Except as otherwise provided in subsection 2A—303(7) of this title, a term described in subdivision (a)(2) of this section is effective to the extent
  that there is: (1) a transfer by the lessee of the lessee’s right of possession or use of the goods in
  violation of the term; or (2) a delegation of a material performance of either party to the lease contract in violation
  of the term. (c) The creation, attachment, perfection, or enforcement of a security interest in the
  lessor’s interest under the lease contract or the lessor’s residual interest in the
  goods is not a transfer that materially impairs the lessee’s prospect of obtaining
  return performance or materially changes the duty of or materially increases the burden
  or risk imposed on the lessee within the purview of subsection 2A—303(4) of this title unless, and then only to the extent that, enforcement actually results in a delegation
  of material performance of the seller. Even in that event, the creation, attachment,
  perfection, and enforcement of the security interest remain effective. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001.)