§ 1587.
89 words·~1 min read·
/vt/title-11/chapter-14/1587A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 1587. Perfection of security interests in cooperative interests
(a)A security interest in a cooperative interest shall attach, be perfected, and be enforceable as provided in 9A V.S.A. Article 9.
(b)On request of a secured party, a cooperative housing corporation shall note on its books and records the interest of the secured party in a cooperative interest. No such request or notation is required in order to perfect a security interest in a cooperative interest. (Added 1987, No. 254 (Adj. Sess.), § 1, eff. June 16, 1988.)