75A-47. Surrender of certificate required when security interest paid.
It is unlawful and constitutes a Class 1 misdemeanor for a secured party who holds a certificate of title as provided in this Article to refuse or fail to surrender the certificate of title to the person legally entitled to it within 10 days after the security interest has been paid and satisfied. (1989, c. 739, s. 1; 1993, c. 539, s. 567; 1994, Ex. Sess., c. 24, s. 14(c); 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.