{"data":{"id":"us-vt/9a-v.s.a.-9-205","jurisdiction":"us-vt","citation":"9A V.S.A. § 9—205","heading":"Use or disposition of collateral permissible","body":"(a) A security interest is not invalid or fraudulent against creditors solely because:\n(1) the debtor has the right or ability to:\n(A) use, commingle, or dispose of all or part of the collateral, including returned or repossessed goods;\n(B) collect, compromise, enforce, or otherwise deal with collateral;\n(C) accept the return of collateral or make repossessions; or\n(D) use, commingle, or dispose of proceeds; or\n(2) the secured party fails to require the debtor to account for proceeds or replace collateral.\n(b) This section does not relax the requirements of possession if attachment, perfection, or enforcement of a security interest depends upon possession of the collateral by the secured party.","path":["Title 9A: Uniform Commercial Code","Article 009: Secured Transactions"],"source_url":"https://legislature.vermont.gov/statutes/fullchapter/09A/009","current_through":"2025 session","vintage":"","retrieved_at":"2026-09-05T14:57:21Z","sha256":"cd511ea4ffcd78fbb19a4134c246b532ba3cc1b4390cc86c3a07e2a87a45e5e9","source_id":"us-vt","stale":false,"prev":"us-vt/9a-v.s.a.-9-204","next":"us-vt/9a-v.s.a.-9-206"},"notice":"GroundRules: Original legal text. Not legal advice."}