29.1-727 - Priority of security interests shown on certificates. - Virginia Statutes

§ 29.1-727. Priority of security interests shown on certificates.

The security interests, except security interests in watercraft which areinventory held for sale and which are perfected under §§ 8.9A-501 through8.9A-527, shown upon the certificates of title issued by the Departmentpursuant to applications for certificates shall have priority over any otherliens or security interests against the watercraft however created andrecorded, except for a mechanics lien for repairs to the extent of $150 givenby § 43-33 if the requirements exist, provided the mechanic furnishes theholder of any such recorded lien who may request it with an itemized swornstatement of the work done and materials supplied for which the lien isclaimed.

(1981, c. 405, § 62.1-186.16; 1987, c. 488.)