Vermont Statutes Title 9 Sec. 2a-302
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Terms Used In Vermont Statutes Title 9 Sec. 2a-302
- Goods: means all things that are movable at the time of identification to the lease contract, or are fixtures (§ 2A—309), but the term does not include money, documents, instruments, accounts, chattel paper, general intangibles, or minerals or the like, including oil and gas, before extraction. See
- Lessee: means a person who acquires the right to possession and use of goods under a lease. See
- Lessor: means a person who transfers the right to possession and use of goods under a lease. See
- Statute: A law passed by a legislature.
§ 2A—302. Title to and possession of goods
Except as otherwise provided in this article, each provision of this article applies whether the lessor or a third party has title to the goods, and whether the lessor, the lessee, or a third party has possession of the goods, notwithstanding any statute or rule of law that possession or the absence of possession is fraudulent. (Added 1993, No. 158 (Adj. Sess.), § 10, eff. Jan. 1, 1995.)