§ 187.15. When is a mortgage a preferred mortgage?
39 words·~1 min read·
/us/cfr/t33/s§ 187.15·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A mortgage, instrument, or agreement granting a security interest perfected under State law covering the whole of a vessel titled under the law of a participating State is a preferred mortgage if the State is certified under § 187.13.