Vermont Statutes Title 6 Sec. 2901
Terms Used In Vermont Statutes Title 6 Sec. 2901
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Municipality: shall include a city, town, town school district, incorporated school or fire district or incorporated village, and all other governmental incorporated units. See
- Personal property: All property that is not real property.
§ 2901. Creation of lien
The liability of a handler to a producer for the unpaid purchase price of dairy products purchased shall be a first lien on the real and personal property of a handler and shall have priority over any other claim or lien against the handler, except:
(1) Taxes assessed against such property of the handler by the municipality in which the property is located.
(2) A duly recorded mortgage, deed, or other conveyance to the extent that consideration has been paid in good faith before the recording of a notice of such producer’s lien as provided in section 2902 of this title. (Added 1965, No. 175, § 26; amended 2021, No. 105 (Adj. Sess.), § 123, eff. July 1, 2022.)