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.
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Resolving Vessel Ownership and Lien Issues Through New Act
New York Law Journal
August 2, 2012
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