Vermont Statutes Title 14 Sec. 1955
Terms Used In Vermont Statutes Title 14 Sec. 1955
- Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
- Contract: A legal written agreement that becomes binding when signed.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Writ: A formal written command, issued from the court, requiring the performance of a specific act.
§ 1955. Waiver and bar
The right to disclaim property or an interest therein is barred by
(1) an assignment, conveyance, encumbrance, pledge, or transfer of the property or interest, or a contract therefor;
(2) an encumbrance, except that the lien for a writ of attachment or a judgment lien shall only bar a disclaimer to the extent of the amount of the lien;
(3) a written waiver of the right to disclaim;
(4) an acceptance of the property or interest or a benefit thereunder; or
(5) a sale of the property or interest under judicial sale made before the disclaimer is effected. (Added 1985, No. 130 (Adj. Sess.).)