This chapter does not apply to or affect a security interest in a vehicle created by a manufacturer or dealer who holds the vehicle for sale. A buyer in the ordinary course of trade from the manufacturer or dealer takes free of such security interest.
History. Ga. L. 1961, p. 68, § 5; Ga. L. 1962, p. 79, § 3; Ga. L. 1990, p. 2048, § 3.
Structure Georgia Code
Title 40 - Motor Vehicles and Traffic
Chapter 3 - Certificates of Title, Security Interests, and Liens
Article 3 - Security Interests in and Liens on Motor Vehicles
§ 40-3-50. Perfection of Security Interests Generally
§ 40-3-51. Creation of Security Interest by Owner
§ 40-3-52. Perfection of Second or Subsequent Security Interests
§ 40-3-53. Perfection and Enforcement of Liens Generally
§ 40-3-54. Mechanics’ Liens; How Asserted and Foreclosed
§ 40-3-55. Assignment of Security Interests and Liens
§ 40-3-56. Satisfaction of Security Interests and Liens
§ 40-3-57. Disclosure of Information as to Security Interests and Liens
§ 40-3-58. Exclusiveness of Chapter
§ 40-3-59. Certain Security Interests Not Affected
§ 40-3-60. Security Interest Not Created by Provision for Adjustment of Rental Price
§ 40-3-61. Proceeds of Insurance Policy to Multiple Lienholders in Event of Total Loss of Vehicle