§ 29.1-733.26. Duties and operation of the Department
A. The Department shall retain the evidence used to establish the accuracy of the information in its files relating to the current ownership of a watercraft and the information on the certificate of title. B. The Department shall retain in its files all information regarding a security interest in a watercraft for at least 10 […]
§ 29.1-733.27. Uniformity of application and construction
In applying and construing this uniform act, consideration shall be given to the need to promote uniformity of the law with respect to its subject matter among states that enact it. 2013, c. 787.
§ 29.1-733.28. Relationship to Electronic Signatures in Global and National Commerce Act
This article modifies, limits, and supersedes the federal Electronic Signatures in Global and National Commerce Act, 15 U.S.C. § 7001, et seq., but does not modify, limit, or supersede § 101(c) of that act (15 U.S.C. § 7001(c)), or authorize electronic delivery of any of the notices described in § 103(b) of that act (15 […]
§ 29.1-733.29. Savings clause
A. The rights, duties, and interests flowing from a transaction, certificate of title, or record shall remain valid on and after July 1, 2014, if the transaction, certificate of title, or record: 1. Relates to a watercraft; 2. Was validly entered into or created before July 1, 2014; and 3. Would be subject to this […]
§ 29.1-733.20. Transfer by operation of law
A. As used in this section, unless the context requires a different meaning: “By operation of law” means pursuant to a law or judicial order affecting ownership of a watercraft: 1. Because of death, such as in the case of a legatee, distributee, or surviving joint owner; 2. Because of divorce or other family law […]
§ 29.1-733.21. Application for transfer of ownership or termination of security interest without certificate of title
A. Except as otherwise provided in § 29.1-733.19 or 29.1-733.20, if the Department receives, unaccompanied by a signed certificate of title, an application for a new certificate that includes an indication of a transfer of ownership or a termination statement, the Department shall create a new certificate under this section only if: 1. All other […]
§ 29.1-733.22. Replacement certificate of title
A. If a written certificate of title is lost, stolen, mutilated, destroyed, or otherwise becomes unavailable or illegible, the secured party of record or, if no secured party is indicated in the files of the Department, the owner of record may apply for and, by furnishing information satisfactory to the Department, obtain a replacement certificate […]
§ 29.1-733.23. Rights of purchaser other than secured party
A. A buyer in ordinary course of business has the protections afforded by subsection (2) of § 8.2-403 and subsection (a) of § 8.9A-320 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 […]
§ 29.1-733.24. Rights of secured party
A. Subject to subsection B or C, the effect of perfection and nonperfection of a security interest and the priority of a perfected or unperfected security interest with respect to the rights of a purchaser or creditor, including a lien creditor, is governed by Titles 8.1A through 8.10. B. A security interest perfected under this […]
§ 29.1-733.25. Acquiring title to an abandoned watercraft
A. Any watercraft abandoned for a period exceeding 60 days is subject to the provisions of this section. B. A landowner, his lessee, or his agent may acquire title to any watercraft abandoned on his land or the water immediately adjacent to his land. Acquisition of title, under the provisions of this section, divests any […]