§4006. Prepayment; advance payment

Link to law: http://legislature.vermont.gov/statutes/section/09/102/04006
Published: 2015

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The Vermont Statutes Online



Title

09

:
Commerce and Trade






Chapter

102

:
CONSTRUCTION CONTRACTS











 

§

4006. Prepayment; advance payment

This chapter

shall in no way be construed to prohibit an owner, contractor, or subcontractor

from making advance payments, progress payments or from prepaying if agreements

or other circumstances make such payments appropriate. All such payments shall

be made promptly and shall be subject to the interest, penalties, and other

provisions hereof when payment is later. (Added 1991, No. 74, § 1, eff. Jan. 1,

1992.)
Read Entire Law on legislature.vermont.gov