Vermont § 604 - § 9—604.
Full text of Vermont Vermont Statutes Online § 604 — § 9—604., with citation guidance and answers to common questions.
§ 604. § 9—604.
- Procedure if security agreement covers real property or fixtures (a) If a security agreement covers both personal and real property, a secured party may
proceed: (1) under this part as to the personal property without prejudicing any rights with respect
to the real property; or (2) as to both the personal property and the real property in accordance with the rights
with respect to the real property, in which case the other provisions of this part
do not apply. (b) Subject to subsection (c) of this section, if a security agreement covers goods that
are or become fixtures, a secured party may proceed: (1) under this part; or (2) in accordance with the rights with respect to real property, in which case the other
provisions of this part do not apply. (c) Subject to the other provisions of this part, if a secured party holding a security
interest in fixtures has priority over all owners and encumbrancers of the real property,
the secured party, after default, may remove the collateral from the real property. (d) A secured party that removes collateral shall promptly reimburse any encumbrancer
or owner of the real property, other than the debtor, for the cost of repair of any
physical injury caused by the removal. The secured party need not reimburse the encumbrancer
or owner for any diminution in value of the real property caused by the absence of
the goods removed or by any necessity of replacing them. A person entitled to reimbursement
may refuse permission to remove until the secured party gives adequate assurance for
the performance of the obligation to reimburse. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001.)
Frequently Asked Questions About Vermont § 604
What does Vermont Statutes Online § 604 cover?
Section 604 ("§ 9—604.") 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 § 604?
A common citation format is "Vermont Statutes Online § 604" (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 § 604 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.