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 § 8.2-403 and subsection (a) of § 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 §§ 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.