SB211 Alabama 2022 Session

Under existing law, the owner of a vessel is not required to obtain a certificate of title for the vessel.

This bill would adopt the Uniform Certificate of Title for Vessels Act.

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.

This bill would provide for an issuance fee.

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.

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.