Vermont § 617 - § 9—617.
Full text of Vermont Vermont Statutes Online § 617 — § 9—617., with citation guidance and answers to common questions.
§ 617. § 9—617.
- Rights of transferee of collateral (a) A secured party’s disposition of collateral after default: (1) transfers to a transferee for value all of the debtor’s rights in the collateral; (2) discharges the security interest under which the disposition is made; and (3) discharges any subordinate security interest or other subordinate lien. (b) A transferee that acts in good faith takes free of the rights and interests described
in subsection (a) of this section, even if the secured party fails to comply with
this article or the requirements of any judicial proceeding. (c) If a transferee does not take free of the rights and interests described in subsection
(a) of this section, the transferee takes the collateral subject to: (1) the debtor’s rights in the collateral; (2) the security interest or agricultural lien under which the disposition is made; and (3) any security interest or other lien. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001.)
Frequently Asked Questions About Vermont § 617
What does Vermont Statutes Online § 617 cover?
Section 617 ("§ 9—617.") 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 § 617?
A common citation format is "Vermont Statutes Online § 617" (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 § 617 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.