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Terms Used In Vermont Statutes Title 8 Sec. 20

  • 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
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC

§ 20. Uniform Commercial Code

(a) All commercial transactions of financial institutions doing business in this State shall be governed by and conducted in accordance with Title 9A.

(b) In any conflict between the provisions of Title 9A and any other provisions of law, including organizational documents of financial institutions, dealing with the same subject matter, Title 9A shall prevail unless otherwise specifically provided by law. (Added 1999, No. 153 (Adj. Sess.), § 1, eff. Jan. 1, 2001.)