Code of Virginia - Title 29.1 Game, Inland Fisheries And Boating - Section 29.1-728 Who to hold certificate of title subject to security interest

§ 29.1-728. Who to hold certificate of title subject to security interest

The certificate of title of the watercraft shall be delivered to the person holding the security interest having first priority upon the watercraft and retained by that person until the entire amount of the security interest is fully paid by the owner of the watercraft. The certificate of title shall then be delivered to the secured party next in order of priority and so on, or, if none, then to the owner of the watercraft.

(1981, c. 405, § 62.1-186.17; 1987, c. 488.)

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Last modified: April 3, 2009