Vermont Statutes Title 24 Sec. 1156
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Terms Used In Vermont Statutes Title 24 Sec. 1156
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- 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
- Town: shall include city and wards or precincts therein; "selectboard members" and "board of civil authority" shall extend to and include the mayor and aldermen of cities; "trustees" shall extend to and include bailiffs of incorporated villages; and the laws applicable to the inhabitants and officers of towns shall be applicable to the inhabitants and similar officers of all municipal corporations. See
§ 1156. Chattel mortgages; conditional sales; discharge of lien
Within 15 days after a chattel mortgage, a sufficient memorandum of a conditional vendor’s lien, or a memorandum of a discharge of such mortgage or lien has been delivered to a town clerk for recording, accompanied by the recording fee provided in 32 V.S.A. § 1671, such clerk shall record such mortgage, lien, or discharge and return the original to the person entitled thereto. (Amended 2019, No. 38, § 8.)