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Vt. Stat. Ann. tit. 11, § 1587

Perfection of security interests in cooperative interests

Known as the Cooperative Housing Ownership Act

The act spans §§ 11–11 (30 sections).

Added 1987, No. 254 (Adj

(a) A security interest in a cooperative interest shall attach, be perfected, and be enforceable as provided in 9A V.S.A. Article 9.

(b) On request of a secured party, a cooperative housing corporation shall note on its books and records the interest of the secured party in a cooperative interest. No such request or notation is required in order to perfect a security interest in a cooperative interest.

Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.