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Terms Used In Vermont Statutes Title 23 Sec. 2047

  • Security interest: means an interest in a vehicle reserved or created by agreement and which secures payment or performance of an obligation. See

§ 2047. Method of perfecting security interest exclusive

The method provided in this subchapter of perfecting and giving notice of security interests subject to this subchapter is exclusive. Security interests subject to this subchapter are hereby exempted from the provisions of law that otherwise require or relate to the filing of instruments creating or evidencing security interests. (Added 1969, No. 297 (Adj. Sess.), § 1, eff. Sept. 1, 1971.)