Vermont § 508 - § 9—508.
Full text of Vermont Vermont Statutes Online § 508 — § 9—508., with citation guidance and answers to common questions.
§ 508. § 9—508.
- Effectiveness of financing statement if new debtor becomes bound by security agreement (a) Except as otherwise provided in this section, a filed financing statement naming an
original debtor is effective to perfect a security interest in collateral in which
a new debtor has or acquires rights to the extent that the financing statement would
have been effective had the original debtor acquired rights in the collateral. (b) If the difference between the name of the original debtor and that of the new debtor
causes a filed financing statement that is effective under subsection (a) of this
section to be seriously misleading under section 9—506 of this title: (1) the financing statement is effective to perfect a security interest in collateral
acquired by the new debtor before, and within four months after, the new debtor becomes
bound under subsection 9—203(d) of this title; and (2) the financing statement is not effective to perfect a security interest in collateral
acquired by the new debtor more than four months after the new debtor becomes bound
under subsection 9—203(d) of this title unless an initial financing statement providing the name of the new debtor is filed
before the expiration of that time. (c) This section does not apply to collateral as to which a filed financing statement
remains effective against the new debtor under subsection 9—507(a) of this title. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001.)
Frequently Asked Questions About Vermont § 508
What does Vermont Statutes Online § 508 cover?
Section 508 ("§ 9—508.") 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 § 508?
A common citation format is "Vermont Statutes Online § 508" (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 § 508 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.