§ 46.2-641. Who to hold certificate of title subject to security interest
The certificate of title of a motor vehicle, trailer, or semitrailer shall be delivered to the person holding the security interest having first priority on the motor vehicle, trailer, or semitrailer and retained by him until the entire amount of his security interest is fully paid by the owner. When the security interest is fully paid, the certificate of title shall be delivered to the secured party next in order of priority or, if none, then to the owner.
(Code 1950, § 46-74; 1958, c. 541, § 46.1-74; 1966, c. 558; 1989, c. 727.)
Sections: Previous 46.2-635 46.2-636 46.2-637 46.2-638 46.2-639 46.2-640 46.2-640.1 46.2-641 46.2-642 46.2-643 46.2-644 46.2-644.1 46.2-644.2 46.2-644.3 46.2-645 NextLast modified: April 3, 2009