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2012 Vermont Statutes
Title 09 Commerce and Trade
Chapter 102 CONSTRUCTION CONTRACTS
§ 4006 Prepayment; advance payment


9 V.S.A. § 4006. What's This?

§ 4006. Prepayment; advance payment

This chapter shall in no way be construed to prohibit an owner, contractor or subcontractor from making advance payments, progress payments or from prepaying if agreements or other circumstances make such payments appropriate. All such payments shall be made promptly and shall be subject to the interest, penalties and other provisions hereof when payment is later. (Added 1991, No. 74, § 1, eff. Jan. 1, 1992.)

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