HB303 Alabama 2019 Session

Sponsors

Session

Regular Session 2019

Title

Vessels, certificate of title, uniform act, requirements, issuance by State Law Enforcement Agency, security agreement, perfection

Description

<p class="bill_description"> Under existing law, the owner of a vessel is not required to obtain a certificate of title for the vessel</p><p class="bill_description"> This bill would adopt the Uniform Certificate of Title for Vessels Act</p><p class="bill_description"> This bill would require the owner of a vessel to obtain a certificate of title on the vessel and would provide a procedure for the owner of a vessel to make application with the Alabama State Law Enforcement Agency</p><p class="bill_description"> This bill would provide for an issuance fee</p><p class="bill_description"> This bill would specify the process for perfecting a security interest on a vessel and provide for the maintenance of records and files regarding the security agreement</p><p class="bill_entitled_an_act"> Relating to vessels; to adopt the Uniform Certificate of Title for Vessels Act, to provide for the issuance by the Alabama State Law Enforcement Agency of certificates of title on vessels; to require owners of vessels to obtain a certificate of title; to provide for the application process; to provide for the issuance of certificates of title; to provide an issuance fee; to provide for the perfecting of a security interest on a vessel; and to provide for the maintenance of records and files regarding security interests. </p>

Subjects

Vessels