StacksVerified U.S. regulatory reference

33 CFR §187.323

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (a)A buyer in ordinary course of business has the protections afforded by State law 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.
  2. (b)Except as otherwise provided in §§ 187.317 and 187.324, the rights of a purchaser of a vessel who is not a buyer in ordinary course of business or a lien creditor are governed by State law.