Perfection of security interests in cooperative interests
11 V.S.A. § 1587
in effect1587. 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.
Source: Vermont General Assembly (legislature.vermont.gov)URL: https://legislature.vermont.gov/statutes/section/11/014/01587Fetched: 10/21/2026
