{"data":{"id":"us-vt/9a-v.s.a.-9-618","jurisdiction":"us-vt","citation":"9A V.S.A. § 9—618","heading":"Rights and duties of certain secondary obligors","body":"(a) A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after the secondary obligor:\n(1) receives an assignment of a secured obligation from the secured party;\n(2) receives a transfer of collateral from the secured party and agrees to accept the rights and assume the duties of the secured party; or\n(3) is subrogated to the rights of a secured party with respect to collateral.\n(b) An assignment, transfer, or subrogation described in subsection (a) of this section:\n(1) is not a disposition of collateral under section 9—610 of this title; and\n(2) relieves the secured party of further duties under this article.","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":"e96dc2aa52c82fc3f10525e480966caf26d99668fc064aec073c4f97591b01bf","source_id":"us-vt","stale":false,"prev":"us-vt/9a-v.s.a.-9-617","next":"us-vt/9a-v.s.a.-9-619"},"notice":"GroundRules: Original legal text. Not legal advice."}