{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/29.1-733.24.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/29.1-733.24.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/29.1-733.24.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/29.1-733.24.html"}],"law_id":70415,"edition_id":1,"section_id":70415,"structure_id":13228,"section_number":"29.1-733.24","catch_line":"Rights of secured party","history":"2013, c. 787.","full_text":"A\n\nSubject to subsection B or C, the effect of perfection and nonperfection of a security interest and the priority of a perfected or unperfected security interest with respect to the rights of a purchaser or creditor, including a lien creditor, is governed by Titles 8.1A through 8.10.B\n\nA security interest perfected under this article has priority over any statutory lien on the watercraft, except for a mechanics lien for repairs to the extent of $150 given by § 43-33 if the requirements are met, provided the mechanic furnishes the holder of any such recorded lien who requests it with an itemized sworn statement of the work done and materials supplied for which the lien is claimed.C\n\nIf, while a security interest in a watercraft is perfected by any method under this article, the Department creates a certificate of title that does not indicate that the watercraft is subject to the security interest or contain a statement that it may be subject to security interests not indicated on the certificate:1\n\nA buyer of the watercraft, other than a person in the business of selling or leasing watercraft of that kind, takes free of the security interest if the buyer, acting in good faith and without knowledge of the security interest, gives value and receives possession of the watercraft; and2\n\nThe security interest is subordinate to a conflicting security interest in the watercraft that is perfected under § 29.1-733.15 after creation of the certificate and without the conflicting secured party’s knowledge of the security interest.","order_by":null,"text":{"0":{"id":254121,"text":"Subject to subsection B or C, the effect of perfection and nonperfection of a security interest and the priority of a perfected or unperfected security interest with respect to the rights of a purchaser or creditor, including a lien creditor, is governed by Titles 8.1A through 8.10.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":254122,"text":"A security interest perfected under this article has priority over any statutory lien on the watercraft, except for a mechanics lien for repairs to the extent of $150 given by § 43-33 if the requirements are met, provided the mechanic furnishes the holder of any such recorded lien who requests it with an itemized sworn statement of the work done and materials supplied for which the lien is claimed.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":254123,"text":"If, while a security interest in a watercraft is perfected by any method under this article, the Department creates a certificate of title that does not indicate that the watercraft is subject to the security interest or contain a statement that it may be subject to security interests not indicated on the certificate:","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"C1"},"3":{"id":254124,"text":"A buyer of the watercraft, other than a person in the business of selling or leasing watercraft of that kind, takes free of the security interest if the buyer, acting in good faith and without knowledge of the security interest, gives value and receives possession of the watercraft; and","type":"section","prefixes":["C","1"],"prefix":"1","entire_prefix":"C1","prefix_anchor":"C1","level":2,"prior_prefix":"C","next_prefix":"C2"},"4":{"id":254125,"text":"The security interest is subordinate to a conflicting security interest in the watercraft that is perfected under § 29.1-733.15 after creation of the certificate and without the conflicting secured party’s knowledge of the security interest.","type":"section","prefixes":["C","2"],"prefix":"2","entire_prefix":"C2","prefix_anchor":"C2","level":2,"prior_prefix":"C1"}},"ancestry":[{"id":13228,"edition_id":1,"name":"Virginia Uniform Certificate of Title for Watercraft Act","identifier":"2.1","label":"article","depth":3,"order_by":1,"parent_id":13227,"metadata":{},"date_created":"2026-06-26 03:44:29","date_modified":"2026-06-26 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03:44:03","permalink":{"id":192277,"object_type":"structure","relational_id":12934,"identifier":"29.1","token":"29.1","url":"\/29.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":59450,"structure_id":13228,"section_number":"29.1-733.10","catch_line":"Title brand","url":"\/29.1-733.10\/","token":"29.1\/7\/2.1\/29.1-733.10","metadata":false},{"id":66488,"structure_id":13228,"section_number":"29.1-733.11","catch_line":"Maintenance of and access to files","url":"\/29.1-733.11\/","token":"29.1\/7\/2.1\/29.1-733.11","metadata":false},{"id":81845,"structure_id":13228,"section_number":"29.1-733.12","catch_line":"Action required on creation of certificate of title","url":"\/29.1-733.12\/","token":"29.1\/7\/2.1\/29.1-733.12","metadata":false},{"id":84270,"structure_id":13228,"section_number":"29.1-733.13","catch_line":"Effect of certificate of title","url":"\/29.1-733.13\/","token":"29.1\/7\/2.1\/29.1-733.13","metadata":false},{"id":85781,"structure_id":13228,"section_number":"29.1-733.14","catch_line":"Effect of possession of certificate of title; judicial process; levy; penalty","url":"\/29.1-733.14\/","token":"29.1\/7\/2.1\/29.1-733.14","metadata":false},{"id":72201,"structure_id":13228,"section_number":"29.1-733.15","catch_line":"Perfection of security interest","url":"\/29.1-733.15\/","token":"29.1\/7\/2.1\/29.1-733.15","metadata":false},{"id":82562,"structure_id":13228,"section_number":"29.1-733.16","catch_line":"Termination statement; delivery of certificate of title; penalty","url":"\/29.1-733.16\/","token":"29.1\/7\/2.1\/29.1-733.16","metadata":false},{"id":72284,"structure_id":13228,"section_number":"29.1-733.17","catch_line":"Transfer of ownership","url":"\/29.1-733.17\/","token":"29.1\/7\/2.1\/29.1-733.17","metadata":false},{"id":64392,"structure_id":13228,"section_number":"29.1-733.18","catch_line":"Effect of 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equity","url":"\/29.1-733.4\/","token":"29.1\/7\/2.1\/29.1-733.4","metadata":false},{"id":73968,"structure_id":13228,"section_number":"29.1-733.5","catch_line":"Law governing watercraft covered by certificate of title","url":"\/29.1-733.5\/","token":"29.1\/7\/2.1\/29.1-733.5","metadata":false},{"id":87192,"structure_id":13228,"section_number":"29.1-733.6","catch_line":"Certificate of title required","url":"\/29.1-733.6\/","token":"29.1\/7\/2.1\/29.1-733.6","metadata":false},{"id":68953,"structure_id":13228,"section_number":"29.1-733.7","catch_line":"Application for certificate of title","url":"\/29.1-733.7\/","token":"29.1\/7\/2.1\/29.1-733.7","metadata":false},{"id":57724,"structure_id":13228,"section_number":"29.1-733.8","catch_line":"Creation and cancellation of certificate of title","url":"\/29.1-733.8\/","token":"29.1\/7\/2.1\/29.1-733.8","metadata":false},{"id":83895,"structure_id":13228,"section_number":"29.1-733.9","catch_line":"Content of certificate of title","url":"\/29.1-733.9\/","token":"29.1\/7\/2.1\/29.1-733.9","metadata":false}],"previous_section":{"id":82240,"structure_id":13228,"section_number":"29.1-733.23","catch_line":"Rights of purchaser other than secured party","url":"\/29.1-733.23\/","token":"29.1\/7\/2.1\/29.1-733.23","metadata":false},"next_section":{"id":55510,"structure_id":13228,"section_number":"29.1-733.25","catch_line":"Acquiring title to an abandoned watercraft","url":"\/29.1-733.25\/","token":"29.1\/7\/2.1\/29.1-733.25","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/29.1-733.24\/","history_text":"

This law was first created in 2013. The record of its establishment is cataloged in chapter 787<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":[{"id":72284,"section_number":"29.1-733.17","catch_line":"Transfer of ownership","order_by":null,"url":"\/29.1-733.17\/"},{"id":82240,"section_number":"29.1-733.23","catch_line":"Rights of purchaser other than secured party","order_by":null,"url":"\/29.1-733.23\/"}],"refers_to":[{"id":72201,"section_number":"29.1-733.15","catch_line":"Perfection of security interest","order_by":null,"url":"\/29.1-733.15\/"},{"id":55515,"section_number":"43-33","catch_line":"Lien of mechanic for repairs","order_by":null,"url":"\/43-33\/"}],"permalink":{"id":193589,"object_type":"law","relational_id":70415,"identifier":"29.1-733.24","token":"29.1\/7\/2.1\/29.1-733.24","url":"\/29.1-733.24\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/29.1-733.24\/","token":"29.1\/7\/2.1\/29.1-733.24","dublin_core":{"Title":"Rights of secured party","Type":"Text","Format":"text\/html","Identifier":"\u00a7 29.1-733.24","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Subject to subsection B or C, the effect of perfection and nonperfection of a security interest<\/span> and the priority of a perfected or unperfected security interest<\/span> with respect to the rights of a purchaser<\/span> or creditor<\/span>, including a lien<\/span> creditor<\/span>, is governed by Titles 8.1A through 8.10. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> A security interest<\/span> perfected under this article has priority over any statutory lien<\/span> on the watercraft<\/span>, except for a mechanics lien<\/span> for repairs to the extent of $150 given by § 43-33<\/a> if the requirements are met, provided the mechanic furnishes the holder of any such recorded lien<\/span> who requests it with an itemized sworn statement of the work done and materials<\/span> supplied for which the lien<\/span> is claimed. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> If, while a security interest<\/span> in a watercraft<\/span> is perfected by any method under this article, the Department<\/span> creates a certificate of title<\/span> that does not indicate that the watercraft<\/span> is subject to the security interest<\/span> or contain a statement that it may be subject to security interests<\/span> not indicated on the certificate: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> A buyer<\/span> of the watercraft<\/span>, other than a person<\/span> in the business of selling or leasing watercraft<\/span> of that kind, takes free of the security interest<\/span> if the buyer<\/span>, acting in good faith<\/span> and without knowledge<\/span> of the security interest<\/span>, gives value<\/span> and receives possession<\/span> of the watercraft<\/span>; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> The security interest<\/span> is subordinate to a conflicting security interest<\/span> in the watercraft<\/span> that is perfected under § 29.1-733.15<\/a> after creation of the certificate and without the conflicting secured party<\/span>’s knowledge<\/span> of the security interest<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nRIGHTS OF SECURED PARTY (\u00a7 29.1-733.24)\n\nA. Subject to subsection B or C, the effect of perfection and nonperfection of a\nsecurity interest and the priority of a perfected or unperfected security\ninterest with respect to the rights of a purchaser or creditor, including a lien\ncreditor, is governed by Titles 8.1A through 8.10.\n\nB. A security interest perfected under this article has priority over any\nstatutory lien on the watercraft, except for a mechanics lien for repairs to the\nextent of $150 given by § 43-33 if the requirements are met, provided the\nmechanic furnishes the holder of any such recorded lien who requests it with an\nitemized sworn statement of the work done and materials supplied for which the\nlien is claimed.\n\nC. If, while a security interest in a watercraft is perfected by any method\nunder this article, the Department creates a certificate of title that does not\nindicate that the watercraft is subject to the security interest or contain a\nstatement that it may be subject to security interests not indicated on the\ncertificate:\n\n 1. A buyer of the watercraft, other than a person in the business of selling\n or leasing watercraft of that kind, takes free of the security interest if the\n buyer, acting in good faith and without knowledge of the security interest,\n gives value and receives possession of the watercraft; and\n\n 2. The security interest is subordinate to a conflicting security interest in\n the watercraft that is perfected under § 29.1-733.15 after creation of\n the certificate and without the conflicting secured party’s knowledge of\n the security interest.\n\nHISTORY: 2013, c. 787.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}