§ 225.
283 words·~1 min read·
/vt/title-5/chapter-9/225A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 225. Sale authorized; notice of proposed sale
(a)If the owner or lienholder has not reclaimed the aircraft or aircraft component after the aircraft manager fulfills the notice requirements of subsection 222(b) of this title, and if the airport manager fulfills the notice requirements of subsection
(b)of this section, the airport manager may sell the aircraft or aircraft component in a commercially reasonable manner as described in 9A V.S.A. § 9-610 (disposition of collateral after default).
(b)(1) The notice of proposed sale required in this subsection shall include:
(A)the make and the factory or identification number of the aircraft or aircraft component;
(B)the aircraft registration number, if any;
(C)contact information for the person from whom the owner or lienholder may reclaim the aircraft or aircraft component pursuant to section 224 of this title; and
(D)the date and location of the proposed sale.
(2)At least 14 days before a sale under this section, the airport manager shall:
(A)if the value of the aircraft or aircraft component exceeds $1,000.00, publish the notice of proposed sale in a media outlet of general circulation in the municipality; and
(B)if the address of the last place of residence of the owner or the lienholder, if any, of the aircraft or aircraft component is ascertainable through the exercise of reasonable diligence, including inquiry of the Federal Aviation Administration’s aircraft registry, send the notice of proposed sale by certified mail to the address or addresses; otherwise, the airport manager shall be deemed to have fulfilled the requirement of this subdivision (b)(2)(B) if the manager posts the notice on the aircraft or aircraft component. (Added 2017, No. 158 (Adj. Sess.), § 10.)