When is a mortgage a preferred mortgage?

Checkout our iOS App for a better way to browser and research.

§ 187.15 When is a mortgage a preferred mortgage?

A mortgage, instrument, or agreement granting a security interest perfected under State law covering the whole of a vessel titled under the law of a participating State is a preferred mortgage if the State is certified under § 187.13.


Download our app to see the most-to-date content.