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ACT NO. 46

(H.119)

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