Vermont Statutes Title 6 Sec. 2903
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Terms Used In Vermont Statutes Title 6 Sec. 2903
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- 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.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Person: shall include any natural person, corporation, municipality, the State of Vermont or any department, agency, or subdivision of the State, and any partnership, unincorporated association, or other legal entity. See
- Statute: A law passed by a legislature.
§ 2903. Effect of lien
Unless the handler has paid the claim upon which the lien is founded, he or she shall not, after receipt of written notice of a producer’s lien, mortgage or otherwise convey any property upon which a producer’s lien is claimed without disclosing in writing such lien to the vendee or mortgagee or stating the existence of it in the instrument conveying or mortgaging the property. If a handler fails so to disclose a producer’s lien, he or she shall be liable to any person thereby injured in an action on this statute for the damages sustained. (Added 1965, No. 175, § 28.)