Alabama § 33-5B-14 Effect of Possession of Certificate of Title; Judicial Process

Alabama Statutes

§ 33-5B-14 — Effect of Possession of Certificate of Title; Judicial Process

Alabama·Title 33 Navigation and Watercourses·Ch. 5B Uniform Certificate of Title for Vessels Act

Possession of a certificate of title does not by itself provide a right to obtain possession of a vessel. Garnishment, attachment, levy, replevin, or other judicial process against the certificate is not effective to determine possessory rights to the vessel. This chapter does not prohibit enforcement under the law of this state other than this chapter of a security interest in, levy on, or foreclosure of a statutory or common-law lien on a vessel. Absence of an indication of a security interest, statutory lien, or common-law lien on a certificate does not invalidate the security interest or lien.

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Possession of a certificate of title does not by itself provide a right to obtain possession of a vessel. Garnishment, attachment, levy, replevin, or other judicial process against the certificate is not effective to determine possessory rights to the vessel. This chapter does not prohibit enforcement under the law of this state other than this chapter of a security interest in, levy on, or foreclosure of a statutory or common-law lien on a vessel. Absence of an indication of a security interest, statutory lien, or common-law lien on a certificate does not invalidate the security interest or lien.

Alabama § 33-5B-14 (Effect of Possession of Certificate of Title; Judicial Process) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.