Vermont Statutes Title 12 Sec. 3125
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Terms Used In Vermont Statutes Title 12 Sec. 3125
- Person: shall include any natural person, corporation, municipality, the State of Vermont or any department, agency, or subdivision of the State, and any partnership, unincorporated association, or other legal entity. See
- Personal property: All property that is not real property.
- Trustee: A person or institution holding and administering property in trust.
§ 3125. Payment of trustee‘s claim by creditor
When it appears that personal property in the hands of a person summoned as a trustee is mortgaged, pledged, or liable for the payment of a debt due to him or her, the court may allow the attaching creditor to pay or tender the amount due to the trustee, and he or she shall thereupon deliver such property, as provided in this subchapter, to the officer holding the execution. (Amended 2018, No. 8 (Sp. Sess.), § 5, eff. June 28, 2018.)