§2011. Nature and extent of lien; registered marks

Link to law: http://legislature.vermont.gov/statutes/section/09/051/02011
Published: 2015

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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.
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