27 V.S.A. § 655
This is the official text of 27 V.S.A. § 655, part of Vermont’s V.S.A — part of the compiled statutory law of Vermont, published by the state as "V.S.A." Browse the sections below, each linked to its official government source.
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§ 655. Acceptance or consideration not required; conveyance not permitted
Official statutory text
(a) An enhanced life estate deed is effective without:
(1) acceptance by the designated grantee during the grantor's life; or
(2) consideration.
(b) A grantee named in an ELE deed shall not convey the grantee's contingent remainder interest during the grantor's lifetime, and any conveyance that attempts to do so is void.
(1) acceptance by the designated grantee during the grantor's life; or
(2) consideration.
(b) A grantee named in an ELE deed shall not convey the grantee's contingent remainder interest during the grantor's lifetime, and any conveyance that attempts to do so is void.
Status: in_force · Read it on the official government site
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