Vermont § 4153 - Ownership rights

§ 4153. Ownership rights

• (a) Unless otherwise agreed in writing, if a customer does not take possession from a
  molder of a die, mold, or form situated in this State within three years following
  the last prior use thereof, all of the customer’s rights, title, and interest to such
  die, mold, or form may be transferred according to subsections (b) and (c) of this
  section to the molder solely for the purpose of destroying such die, mold, or form. (b) If a molder chooses to have all rights, title, and interest to any die, mold, or form
  transferred to the molder by operation of this subsection and subsection (c), the
  molder shall send written notice by registered mail, return receipt requested, to
  the customer holding the rights, title, and interest at the address, if any, indicated
  in the agreement pursuant to which the molder obtained possession of the die, mold,
  or form and to the customer’s last known address. The notice shall state that the
  molder intends to terminate all of the customer’s rights, title, and interest by having
  all such rights, title, and interest transferred to the molder for purposes of destroying
  the die, mold, or form. (c) If a customer does not take possession of the particular die, mold, or form within
  180 days following the date the molder receives acknowledgment or nonacknowledgment
  of the return receipt of such notice, or does not make other contractual arrangements
  with the molder for taking possession or for the storage thereof, all rights, title,
  and interest of the customer shall transfer by law to the molder in order that the
  die, mold, or form be destroyed. Thereafter, the molder shall destroy the particular
  die, mold, or form as the molder’s own property without any risk of liability to the
  customer. (Added 1981, No. 16, eff. April 14, 1981.)