Vermont § 602 - § 3—602.
Full text of Vermont Vermont Statutes Online § 602 — § 3—602., with citation guidance and answers to common questions.
§ 602. § 3—602.
- Payment (a) Subject to subsection (b) of this section, an instrument is paid to the extent payment
is made (i) by or on behalf of a party obliged to pay the instrument, and (ii) to
a person entitled to enforce the instrument. To the extent of the payment, the obligation
of the party obliged to pay the instrument is discharged even though payment is made
with knowledge of a claim to the instrument under section 3—306 of this title by another person. (b) The obligation of a party to pay the instrument is not discharged under subsection
(a) of this section if: (1) a claim to the instrument under section 3—306 of this title is enforceable against the party receiving payment and (i) payment is made with knowledge
by the payor that payment is prohibited by injunction or similar process of a court
of competent jurisdiction, or (ii) in the case of an instrument other than a cashier’s
check, teller’s check, or certified check, the party making payment accepted, from
the person having a claim to the instrument, indemnity against loss resulting from
refusal to pay the person entitled to enforce the instrument; or (2) the person making payment knows that the instrument is a stolen instrument and pays
a person it knows is in wrongful possession of the instrument. (Added 1993, No. 158 (Adj. Sess.), § 12, eff. Jan. 1, 1995.)
Frequently Asked Questions About Vermont § 602
What does Vermont Statutes Online § 602 cover?
Section 602 ("§ 3—602.") 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 § 602?
A common citation format is "Vermont Statutes Online § 602" (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 § 602 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.