Vermont § 509 - § 9—509.
Full text of Vermont Vermont Statutes Online § 509 — § 9—509., with citation guidance and answers to common questions.
§ 509. § 9—509.
- Persons entitled to file a record (a) A person may file an initial financing statement, amendment that adds collateral covered
by a financing statement, or amendment that adds a debtor to a financing statement
only if: (1) the debtor authorizes the filing in a signed record or pursuant to subsection (b)
or (c) of this section; or (2) the person holds an agricultural lien that has become effective at the time of filing
and the financing statement covers only collateral in which the person holds an agricultural
lien. (b) By signing or becoming bound as debtor by a security agreement, a debtor or new debtor
authorizes the filing of an initial financing statement, and an amendment, covering: (1) the collateral described in the security agreement; and (2) property that becomes collateral under subdivision 9—315(a)(2) of this title, whether or not the security agreement expressly covers proceeds. (c) A person may file an amendment other than an amendment that adds collateral covered
by a financing statement or an amendment that adds a debtor to a financing statement
only if: (1) the secured party of record authorizes the filing; or (2) the amendment is a termination statement for a financing statement as to which the
secured party of record has failed to file or send a termination statement as required
by subsection 9—513(a) or (c) of this title, the debtor authorizes the filing, and
the termination statement indicates that the debtor authorized it to be filed. (d) If there is more than one secured party of record for a financing statement, each
secured party of record may authorize the filing of an amendment under subsection
(c) of this section. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001; amended 2001, No. 46, § 5; 2025, No. 17, § 9, eff. July 1, 2025.)
Frequently Asked Questions About Vermont § 509
What does Vermont Statutes Online § 509 cover?
Section 509 ("§ 9—509.") 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 § 509?
A common citation format is "Vermont Statutes Online § 509" (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 § 509 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.