§ 29.1-725. Certificate as notice of security interest
The certificate of title, when issued by the Department showing a security interest, shall be deemed adequate notice to the Commonwealth, creditors, and purchasers that a security interest in the watercraft exists and the recording or filing of such creation or reservation of a security interest in the county or city wherein the purchaser or debtor resides or elsewhere shall not be required. Watercraft, other than those which are inventory held for sale, for which a certificate of title has been issued under this chapter shall be exempt from the provisions of §§ 8.9A-309 to 8.9A-312, 8.9A-320, 8.9A-322 to 8.9A-324, 8.9A-331, 8.9A-404 to 8.9A-406, 8.9A-501 to 8.9A-604, and 55-96.
(1981, c. 405, § 62.1-186.14; 1987, c. 488.)Sections: Previous 29.1-718 29.1-719 29.1-720 29.1-721 29.1-722 29.1-723 29.1-724 29.1-725 29.1-726 29.1-727 29.1-728 29.1-729 29.1-730 29.1-731 29.1-732 Next
Last modified: April 16, 2009