The Vermont Statutes Online
Uniform Commercial Code
2-402. Rights of seller's creditors against sold goods
(1) Except as
provided in subsections (2) and (3) of this section, rights of unsecured
creditors of the seller with respect to goods which have been identified to a
contract for sale are subject to the buyer's rights to recover the goods under
this article (§§ 2-502 and 2-716).
(2) A creditor
of the seller may treat a sale or an identification of goods to a contract for
sale as void if as against him a retention of possession by the seller is
fraudulent under any rule of law of the state where the goods are situated,
except that retention of possession in good faith and current course of trade
by a merchant-seller for a commercially reasonable time after a sale or
identification is not fraudulent.
(3) Nothing in
this article shall be deemed to impair the rights of creditors of the seller:
(a) under the
provisions of the article on Secured Transactions (Article 9); or
identification to the contract or delivery is made not in current course of
trade but in satisfaction of or as security for a pre-existing claim for money,
security or the like and is made under circumstances which under any rule of
law of the state where the goods are situated would apart from this article
constitute the transaction a fraudulent transfer or voidable preference.