Vermont § 505 - § 9—505.
Full text of Vermont Vermont Statutes Online § 505 — § 9—505., with citation guidance and answers to common questions.
§ 505. § 9—505.
- Filing and compliance with other statutes and treaties for consignments, leases, other
bailments, and other transactions (a) A consignor, lessor, or other bailor of goods or a buyer of a payment intangible or
promissory note may file a financing statement, or may comply with a statute or treaty
described in subsection 9—311(a) of this title, using the terms “consignor”, “consignee”, “lessor”, “lessee”, “bailor”, “bailee”,
“owner”, “registered owner”, “buyer”, “seller”, or words of similar import, instead
of the terms “secured party” and “debtor”. (b) This part applies to the filing of a financing statement under subsection (a) of this
section and, as appropriate, to compliance that is equivalent to filing a financing
statement under subsection 9—311(b) of this title, but the filing or compliance is not of itself a factor in determining whether the
collateral secures an obligation. If it is determined for another reason that the
collateral secures an obligation, a security interest held by the consignor, lessor,
bailor, owner, or buyer which attaches to the collateral is perfected by the filing
or compliance. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001.)
Frequently Asked Questions About Vermont § 505
What does Vermont Statutes Online § 505 cover?
Section 505 ("§ 9—505.") 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 § 505?
A common citation format is "Vermont Statutes Online § 505" (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 § 505 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.