ACT NO. 46
Uniform Commercial Code: Revised Article 9
This act makes technical corrections and clarifications to Revised Article 9 Secured Transactions, which was passed last biennium. One of the important corrections was to codify the transition sections to make clear the status of liens that arose under Article 9 before the effective date of Revised Article 9.
An additional section to the bill clears up a drafting error in a reference in the Uniform Common Interest Ownership Act, Title 27A of the Vermont Statutes Annotated.
Effective Date: July 1, 2001