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The Vermont Statutes Online
Title
09
:
Commerce and Trade
Chapter
051
:
MISCELLANEOUS LIENS
Subchapter
005
:
LIENS ON LUMBER PRODUCTS; REGISTRATION OF MARKS
§
2011. Nature and extent of lien; registered marks
If a person,
firm, or corporation shall, by itself or others, make an advance or series of
advances of money to the owner of, or person entitled to the possession of, any
logs or pulpwood for the purpose of financing the cutting, hauling, yarding,
piling, trucking, rafting, booming, driving, or towing of the same, it shall
have a lien for the amount of all such advances, which shall take precedence
over all claims, except taxes and liens provided for and enforceable under
section 1991 of this title, and except all other liens legally acquired and
filed or recorded prior to the placing of the registered mark thereon as herein
provided, upon all of such logs or pulpwood on which it has caused its registered
mark to be placed, and such lien with respect to such advances shall continue
for all advances for two years after the date of making the last advance, and
may be enforced by attachment. The term "registered mark" as used in
the foregoing sentence means a mark described in a certificate of registration
issued by the Secretary of State, pursuant to the provisions of section 2012 of
this title, and recorded in the town clerk's office for the town in which such
logs or pulpwood were situated when such registered mark was placed thereon, or
if the logs or pulpwood were situated in an unorganized town, gore, or grant,
said registered mark must be recorded by the clerk of the county in which such
unorganized town, gore, or grant is situated.