Vermont § 703 - § 9—703.
Full text of Vermont Vermont Statutes Online § 703 — § 9—703., with citation guidance and answers to common questions.
§ 703. § 9—703.
- Security interest perfected before effective date (a) A security interest that is enforceable immediately before July 1, 2001, and would
have priority over the rights of a person that becomes a lien creditor at that time,
is a perfected security interest under this article as in effect on and after July
1, 2001, if, on July 1, 2001, the applicable requirements for enforceability and perfection
under this article as in effect on and after July 1, 2001, are satisfied without further
action. (b) Except as otherwise provided in section 9—705 of this title, if, immediately before July 1, 2001, a security interest is enforceable and would
have priority over the rights of a person that becomes a lien creditor at that time,
but the applicable requirements for enforceability or perfection under the provisions
of this article as in effect on and after July 1, 2001, are not satisfied when such
provisions take effect, the security interest: (1) is a perfected security interest until June 30, 2002; (2) remains enforceable thereafter only if the security interest becomes enforceable under
section 9—203 of this title as in effect on and after July 1, 2001, on or before the date set forth in subdivision
(1) of this subsection; and (3) remains perfected thereafter only if the applicable requirements for perfection under
this article as in effect on and after July 1, 2001, are satisfied before July 1,
2002. (Added 2001, No. 46, § 12.)
Frequently Asked Questions About Vermont § 703
What does Vermont Statutes Online § 703 cover?
Section 703 ("§ 9—703.") 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 § 703?
A common citation format is "Vermont Statutes Online § 703" (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 § 703 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.