Vermont Statutes Title 5 Sec. 3529
Terms Used In Vermont Statutes Title 5 Sec. 3529
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Psychiatric disability: means an impairment of thought, mood, perception, orientation, or memory that limits one or more major life activities but does not include intellectual disability. See
- real estate: shall include lands, tenements, and hereditaments and all rights thereto and interests therein, and pews or slips in places of public worship shall be treated as real estate. See
- State: when applied to the different parts of the United States may apply to the District of Columbia and any territory and the Commonwealth of Puerto Rico. See
§ 3529. When owner is an infant or has an intellectual or psychiatric disability
When the owner of the land or estate is an infant, or lacks capacity to protect his or her interests due to an intellectual or psychiatric disability, or does not reside in this State, or is not known, the corporation shall cause the damages sustained by the owner to be determined in the manner described in this subchapter and shall pay the same to the lawful owner when demanded, with interest thereon. Such damages and interest shall be a specific lien upon the real estate of such corporation and be preferred before any other demand against such corporation. (Amended 2013, No. 96 (Adj. Sess.), § 14; 2017, No. 113 (Adj. Sess.), § 11.)