Illinois § 3B-1 Excepted liens and security interests

Illinois Statutes

§ 3B-1 — Excepted liens and security interests

Illinois·Topic TRANSPORTATION·Ch. 625 VEHICLES·Act 625 ILCS 45/ Boat Registration and Safety Act.·Art. Article IIIB - Security Interests

This Article does not apply to or affect:

(a)A lien given by statute or rule of law to a supplier of services or materials for the watercraft;

(b)A lien given by the statute to the United States, this State or any political subdivision of this State.

(c)A security interest in a watercraft created by a manufacturer or dealer who holds the watercraft for sale, but a buyer in the ordinary course of trade from the manufacturer or dealer takes free of the security interest.

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This Article does not apply to or affect: (a) A lien given by statute or rule of law to a supplier of services or materials for the watercraft; (b) A lien given by the statute to the United States, this State or any political subdivision of this State. (c) A security interest in a watercraft created by a manufacturer or dealer who holds the watercraft for sale, but a buyer in the ordinary course of trade from the manufacturer or dealer takes free of the security interest.

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