Alabama § 33-5B-23 Rights of Purchaser Other Than Secured Party

Alabama Statutes

§ 33-5B-23 — Rights of Purchaser Other Than Secured Party

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

(a)A buyer in ordinary course of business has the protections afforded by Sections 7-2-403(2) and 7-9A-320(a), 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 Sections 33-5B-17 and 33-5B-24, the rights, with respect to a vessel, of a purchaser that is not a buyer in ordinary course of business are governed by Title 7.

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(a) A buyer in ordinary course of business has the protections afforded by Sections 7-2-403(2) and 7-9A-320(a), 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 Sections 33-5B-17 and 33-5B-24, the rights, with respect to a vessel, of a purchaser that is not a buyer in ordinary course of business are governed by Title 7.

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