Vermont § 601 - § 9—601.

§ 601. § 9—601.

• Rights after default; judicial enforcement; consignor or buyer of accounts; chattel
  paper, payment intangibles, or promissory notes (a) After default, a secured party has the rights provided in this part and, except as
  otherwise provided in section 9—602 of this title, those provided by agreement of the parties. A secured party: (1) may reduce a claim to judgment, foreclose, or otherwise enforce the claim, security
  interest, or agricultural lien by any available judicial procedure; and (2) if the collateral is documents, may proceed either as to the documents or as to the
  goods they cover. (b) A secured party in possession of collateral or control of collateral under section
  7—106, 9—104, 9—105, 9—105A, 9—106, 9—107, or 9—107A of this title has the rights
  and duties provided in section 9—207 of this title. (c) The rights under subsections (a) and (b) of this section are cumulative and may be
  exercised simultaneously. (d) Except as otherwise provided in subsection (g) of this section and section 9—605 of this title, after default, a debtor and an obligor have the rights provided in this part and
  by agreement of the parties. (e) If a secured party has reduced its claim to judgment, the lien of any levy that may
  be made upon the collateral by virtue of an execution based upon the judgment relates
  back to the earliest of: (1) the date of perfection of the security interest or agricultural lien in the collateral; (2) the date of filing a financing statement covering the collateral; or (3) any date specified in a statute under which the agricultural lien was created. (f) A sale pursuant to an execution is a foreclosure of the security interest or agricultural
  lien by judicial procedure within the meaning of this section. A secured party may
  purchase at the sale and thereafter hold the collateral free of any other requirements
  of this article. (g) Except as otherwise provided in subsection 9—607(c) of this title, this part imposes no duties upon a secured party that is a consignor or is a buyer
  of accounts, chattel paper, payment intangibles, or promissory notes. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001; amended 2015, No. 51, § B.9, eff. June 3, 2015; 2025, No. 17, § 9, eff. July 1, 2025.)