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Current as of January 01, 2024 | Updated by Findlaw Staff
When a person is held as trustee upon a negotiable paper in an action in which a claimant does not appear or is not cited in, and an action is afterwards brought against the trustee upon such paper by an assignee thereof, the trustee may plead the former judgment against himself or herself in bar. The court shall thereupon issue a citation, and such assignee shall cause it to be served on the plaintiff in the trustee process or his or her attorney of record.
Cite this article: FindLaw.com - Vermont Statutes Title 12. Court Procedure, § 3153. Action by assignee of negotiable paper after judgment against maker--Pleading judgment in bar; citation of plaintiff in trustee action - last updated January 01, 2024 | https://codes.findlaw.com/vt/title-12-court-procedure/vt-st-tit-12-sect-3153/
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