Vt. Stat. Ann. tit. 11C, § 702
Marketing contracts
Redline — July 1, 2021 → current.View current text →
Current — June 1, 2022
As of July 1, 2021
(1) If a marketing contract provides for the sale of products, commodities, or goods to a mutual benefit enterprise, the sale transfers title to the enterprise upon delivery or at any other specific time expressly provided by the contract.
(1) If a marketing contract provides for the sale of products, commodities, or goods to a mutual benefit enterprise, the sale transfers title to the enterprise upon delivery or at any other specific time expressly provided by the contract.
(2) A marketing contract may: authorize a mutual benefit enterprise to create an enforceable security interest in the products, commodities, or goods delivered; and
(2) A marketing contract may: authorize a mutual benefit enterprise to create an enforceable security interest in the products, commodities, or goods delivered; and
(3) allow the enterprise to sell the products, commodities, or goods delivered and pay the sales price on a pooled or other basis after deducting selling costs, processing costs, overhead, expenses, and other charges.
(3) allow the enterprise to sell the products, commodities, or goods delivered and pay the sales price on a pooled or other basis after deducting selling costs, processing costs, overhead, expenses, and other charges.
(4) Some or all of the provisions of a marketing contract between a patron member and a mutual benefit enterprise may be contained in the organic rules. Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.
(4) Some or all of the provisions of a marketing contract between a patron member and a mutual benefit enterprise may be contained in the organic rules.
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.