Vermont § 618 - § 9—618.
Full text of Vermont Vermont Statutes Online § 618 — § 9—618., with citation guidance and answers to common questions.
§ 618. § 9—618.
- Rights and duties of certain secondary obligors (a) A secondary obligor acquires the rights and becomes obligated to perform the duties
of the secured party after the secondary obligor: (1) receives an assignment of a secured obligation from the secured party; (2) receives a transfer of collateral from the secured party and agrees to accept the
rights and assume the duties of the secured party; or (3) is subrogated to the rights of a secured party with respect to collateral. (b) An assignment, transfer, or subrogation described in subsection (a) of this section: (1) is not a disposition of collateral under section 9—610 of this title; and (2) relieves the secured party of further duties under this article. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001.)
Frequently Asked Questions About Vermont § 618
What does Vermont Statutes Online § 618 cover?
Section 618 ("§ 9—618.") 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 § 618?
A common citation format is "Vermont Statutes Online § 618" (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 § 618 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.