§ 29.1-727. Priority of security interests shown on certificates
The security interests, except security interests in watercraft which are inventory held for sale and which are perfected under §§ 8.9A-501 through 8.9A-527, shown upon the certificates of title issued by the Department pursuant to applications for certificates shall have priority over any other liens or security interests against the watercraft however created and recorded, except for a mechanics lien for repairs to the extent of $150 given by § 43-33 if the requirements exist, provided the mechanic furnishes the holder of any such recorded lien who may request it with an itemized sworn statement of the work done and materials supplied for which the lien is claimed.
(1981, c. 405, § 62.1-186.16; 1987, c. 488.)Sections: Previous 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 29.1-733 29.1-733.1 Next
Last modified: April 16, 2009