75A-44. Priority of security interests shown on certificates.
Except for security interests in vessels that are inventory held for sale, security interests shown upon the certificates of title issued by the Commission pursuant to applications for certificates shall have priority over any other liens or security interests against the vessel however created and recorded, except for a mechanics lien for repairs, provided that the mechanic furnishes the holder of any recorded lien who may request it with an itemized sworn statement of the work done and materials supplied for which the lien is claimed. (1989, c. 739, s.1; 2000-169, s. 40; 2006-185, s. 2.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 75A - Boating and Water Safety
Article 4 - Vessel Titling Act.
§ 75A-34 - Who may apply for certificate of title; authority of employees of Commission.
§ 75A-35 - Form and contents of application.
§ 75A-36 - Notice by owner of change of address.
§ 75A-37 - Certificate of title as evidence; duration; transfer of title.
§ 75A-38 - Commission's records; fees.
§ 75A-39 - Duplicate certificate of title.
§ 75A-40 - Certificate to show security interests.
§ 75A-41 - Security interests subsequently created.
§ 75A-42 - Certificate as notice of security interest.
§ 75A-43 - Security interest may be filed within 30 days after purchase.
§ 75A-44 - Priority of security interests shown on certificates.
§ 75A-45 - Legal holder of certificate of title subject to security interest.
§ 75A-46 - Release of security interest shown on certificate of title.
§ 75A-47 - Surrender of certificate required when security interest paid.
§ 75A-48 - Levy of execution, etc.
§ 75A-49 - Registration prima facie evidence of ownership; rebuttal.