The requirements of this chapter relating to security interests and certificate of title do not apply to or affect:
(1) a lien given by statute or rule of law to a supplier of services or materials for the watercraft while the watercraft is in the possession of the lienholder;
(2) a lien given by statute to the United States, this state, or a political subdivision of this state; or
(3) a security interest in a watercraft created by a manufacturer or dealer who holds the watercraft for sale.
Notes of Decisions
Hampton Bank v. River City Yachts, Inc., 528 N.W.2d 880 (Minn. Ct. App. 1995).
· cites it 2× “§ 86B.875. The issue, then, is whether this exception for dealer-held boats renders inapplicable subdivision 5 of section 86B.”
Minn. Stat. § 86B.875(3): 1 case
Hampton Bank v. River City Yachts, Inc., 528 N.W.2d 880 (Minn. Ct. App. 1995).
“§ 86B.875. The issue, then, is whether this exception for dealer-held boats renders inapplicable subdivision 5 of section 86B.”
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