                                 CODE OF VIRGINIA

RIGHTS OF PURCHASER OTHER THAN SECURED PARTY (§ 29.1-733.23)

A. A buyer in ordinary course of business has the protections afforded by
subsection (2) of &#xA7; 8.2-403 and subsection (a) of &#xA7; 8.9A-320 even if
an existing certificate of title was not signed and delivered to the buyer or a
new certificate listing the buyer as owner of record was not created.

B. Except as otherwise provided in &#xA7;&#xA7; 29.1-733.17 and 29.1-733.24, the
rights of a purchaser of a watercraft that is not a buyer in ordinary course of
business or a lien creditor are governed by the Uniform Commercial Code.

HISTORY: 2013, c. 787.