§ 46-22.1-9 - Security interest in vessels – Exemptions. - Rhode-island Statutes

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SECTION 46-22.1-9

§ 46-22.1-9 Security interest in vessels– Exemptions. – Sections 46-22.1-10 – 46-22.1-17 do not apply to or affect:

(1) A lien given by statute or rule of law to a supplier ofservices or materials for the vessel;

(2) A lien given by statute to the United States, this state,or any political subdivision of this state;

(3) A security interest in a vessel created by a manufactureror dealer who holds the vessel for sale, but a buyer in the ordinary course oftrade from the manufacturer or dealer takes free of the security interest;

(4) Any lien arising out of an attachment of a vessel;

(5) Any security interest claimed on proceeds, as defined insubdivision (2), if the original security interest did not have to be noted onthe certificate of title in order to be perfected; or

(6) Any vessel for which a certificate of title is notrequired under this chapter.

State Codes and Statutes

Statutes > Rhode-island > Title-46 > Chapter-46-22-1 > 46-22-1-9

SECTION 46-22.1-9

§ 46-22.1-9 Security interest in vessels– Exemptions. – Sections 46-22.1-10 – 46-22.1-17 do not apply to or affect:

(1) A lien given by statute or rule of law to a supplier ofservices or materials for the vessel;

(2) A lien given by statute to the United States, this state,or any political subdivision of this state;

(3) A security interest in a vessel created by a manufactureror dealer who holds the vessel for sale, but a buyer in the ordinary course oftrade from the manufacturer or dealer takes free of the security interest;

(4) Any lien arising out of an attachment of a vessel;

(5) Any security interest claimed on proceeds, as defined insubdivision (2), if the original security interest did not have to be noted onthe certificate of title in order to be perfected; or

(6) Any vessel for which a certificate of title is notrequired under this chapter.

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State Codes and Statutes

Statutes > Rhode-island > Title-46 > Chapter-46-22-1 > 46-22-1-9

SECTION 46-22.1-9

§ 46-22.1-9 Security interest in vessels– Exemptions. – Sections 46-22.1-10 – 46-22.1-17 do not apply to or affect:

(1) A lien given by statute or rule of law to a supplier ofservices or materials for the vessel;

(2) A lien given by statute to the United States, this state,or any political subdivision of this state;

(3) A security interest in a vessel created by a manufactureror dealer who holds the vessel for sale, but a buyer in the ordinary course oftrade from the manufacturer or dealer takes free of the security interest;

(4) Any lien arising out of an attachment of a vessel;

(5) Any security interest claimed on proceeds, as defined insubdivision (2), if the original security interest did not have to be noted onthe certificate of title in order to be perfected; or

(6) Any vessel for which a certificate of title is notrequired under this chapter.