In their Secured Transactions column, Alan M. Christenfeld, senior counsel at Clifford Chance, and Barbara M. Goodstein, a partner at Mayer Brown, write that only 33 states currently have certificate of title laws for vessels, and there is significant variation among those title statutes, which pre-date revised Article 9 of the UCC. In addition, federal regulations overlay vessel ownership, operation and financing, and do so without effective coordination with state statutes.
Resolving Vessel Ownership and Lien Issues Through New Act
New York Law Journal
August 2, 2012
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