Excess funds after sale of watercraft
Sec. 8. If a boat is sold under this chapter for an amount of money
that is greater than the charges owed to the marina operator plus all
reasonable expenses of sale, the marina operator shall pay the excess
in the following order:
(1) For the satisfaction of obligations held by secured parties
with respect to the watercraft, in the order in which security
interests in the watercraft were perfected.
(2) To the owner of the watercraft.
As added by P.L.2-2002, SEC.19.
Last modified: May 24, 2006