58 Pa. Code § 93.114. Assignments of security interests.

§ 93.114. Assignments of security interests.

(a)  A secured party may assign, absolutely or otherwise, all or part of his security interest in the boat to a person other than the owner without affecting the interest of the owner or the validity of the security interest.
(b)  An assignee who desires to become the secured party of record shall deliver to the Commission the title, if available, and an assignment by the secured party named in the title in the form the Commission may prescribe, accompanied by the filing fee required by law.
(c)  The provisions of this section are subject to 13 Pa.C.S. §  9308(c) (relating to when security interest or agricultural lien is perfected; continuity of perfection).

Authority

   The provisions of this §  93.114 amended under the Fish and Boat Code, 30 Pa.C.S. §  5325.

Source

   The provisions of this §  93.114 amended July 19, 2002, effective July 20, 2002, 32 Pa.B. 3488. Immediately preceding text appears at serial page (239853).

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