§ 29.1-731. Levy of execution, etc
A levy made by virtue of an execution, fieri facias or other proper court order, upon a watercraft for which a certificate of title has been issued by the Department, shall constitute a lien, subsequent to security interests previously recorded by the Department and subsequent to security interests in inventory held for sale and perfected as otherwise permitted by law, when the officer making the levy reports to the Department at its principal office, on forms provided by the Department, that the levy has been made and that the watercraft levied upon is in the custody of the officer. Should the lien thereafter be satisfied or should the watercraft levied upon and seized thereafter be released by the officer, he shall immediately report that fact to the Department at its principal office. Any owner who, after such levy and seizure by an officer and before the report is made by the officer to the Department, fraudulently assigns or transfers his title to or interest in the watercraft, or causes the certificate of title to be assigned or transferred, or causes a security interest to be shown upon such certificate of title, shall be guilty of a Class 1 misdemeanor.
(1981, c. 405, § 62.1-186.20; 1987, c. 488.)Sections: Previous 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 29.1-734 29.1-734.1 29.1-735 29.1-735.1 Next
Last modified: April 3, 2009