Vermont § 601 - § 7—601.

§ 601. § 7—601.

• Lost, stolen, or destroyed documents of title (a) If a document of title is lost, stolen, or destroyed, a court may order delivery of
  the goods or issuance of a substitute document and the bailee may without liability
  to any person comply with the order. If the document was negotiable, a court may not
  order delivery of the goods or issuance of a substitute document without the claimant’s
  posting security unless it finds that any person that may suffer loss as a result
  of nonsurrender of possession or control of the document is adequately protected against
  the loss. If the document was nonnegotiable, the court may require security. The court
  may also order payment of the bailee’s reasonable costs and attorney’s fees in any
  action under this subsection. (b) A bailee that, without a court order, delivers goods to a person claiming under a
  missing negotiable document of title is liable to any person injured thereby. If the
  delivery is not in good faith, the bailee is liable for conversion. Delivery in good
  faith is not conversion if the claimant posts security with the bailee in an amount
  at least double the value of the goods at the time of posting to indemnify any person
  injured by the delivery which files a notice of claim within one year after the delivery. (Added 2015, No. 51, § B.3, eff. June 3, 2015.)