33 CFR 187.323
§ 187.323 Rights of purchaser other than secured party.
United States · 33 CFR — Navigation and Navigable Waters · Status: effective
Cite this
- Citation
- 33 CFR 187.323, § 187.323 Rights of purchaser other than secured party, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/153458
- Permanent ID
ys:prov:153458@1- SHA-256
229d884795a1fe0c53dff2b93c1a6a0bf61278cb68f9636cb8e3df2dcce3b2fa
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) A buyer in ordinary course of business has the protections afforded by State law 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 §§ 187.317 and 187.324, the rights of a purchaser of a vessel who is not a buyer in ordinary course of business or a lien creditor are governed by State law.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.