§ 187.323. Rights of purchaser other than secured party.
81 words·~1 min read·
/us/cfr/t33/s§ 187.323·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)A buyer in ordinary course of business has the protections afforded by State law even if an existing certificate of title was not signed and delivered to the buyer or a new certificate listing the buyer as owner of record was not created.
(b)Except as otherwise provided in §§ 187.317 and 187.324, the rights of a purchaser of a vessel who is not a buyer in ordinary course of business or a lien creditor are governed by State law.