Vermont Statutes Title 5 Sec. 226
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Terms Used In Vermont Statutes Title 5 Sec. 226
- Aircraft: means a contrivance used or designed for navigation of or flight in the air and specifically includes ultralight aircraft. See
- Airport: means any area of land or water set aside by the Agency, any political subdivision, or person, except a restricted landing area, that is designed for the landing and take-off of aircraft, and used or to be used in the interest of the general public whether or not facilities are provided for the shelter, servicing, or repair of aircraft, or for receiving or discharging passengers or cargo, and all appurtenant areas used or suitable for airport buildings or other airport facilities, including all appurtenant rights-of-way. See
- Airport manager: means the owner of an airport in this State or an agent authorized to act on behalf of an airport owner. See
§ 226. Application of proceeds
The airport manager shall pay the balance of the proceeds of the sale, if any, after payment of liens and the reasonable expenses incident to the sale, to the owner or lienholder of the aircraft or aircraft component, if claimed at any time within one year from the date of the sale. If the owner or lienholder does not claim the balance within one year, the airport manager shall retain the proceeds. (Added 2017, No. 158 (Adj. Sess.), § 10.)