Vermont § 605 - § 9—605.
Full text of Vermont Vermont Statutes Online § 605 — § 9—605., with citation guidance and answers to common questions.
§ 605. § 9—605.
- Unknown debtor or secondary obligor (a) Except as provided in subsection (b) of this section, a secured party does not owe
a duty based on its status as secured party: (1) to a person that is a debtor or obligor, unless the secured party knows: (A) that the person is a debtor or obligor; (B) the identity of the person; and (C) how to communicate with the person; or (2) to a secured party or lienholder that has filed a financing statement against a person,
unless the secured party knows: (A) that the person is a debtor; and (B) the identity of the person. (b) A secured party owes a duty based on its status as a secured party to a person if,
at the time the secured party obtains control of collateral that is a controllable
account, controllable electronic record, or controllable payment intangible or at
the time the security interest attaches to the collateral, whichever is later: (1) the person is a debtor or obligor; and (2) the secured party knows that the information in subdivision (a)(1)(A), (B), or (C)
of this section relating to the person is not provided by the collateral, a record
attached to or logically associated with the collateral, or the system in which the
collateral is recorded. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001; amended 2025, No. 17, § 9, eff. July 1, 2025.)
Frequently Asked Questions About Vermont § 605
What does Vermont Statutes Online § 605 cover?
Section 605 ("§ 9—605.") 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 § 605?
A common citation format is "Vermont Statutes Online § 605" (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 § 605 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.