Transfer of ownership not required on pledge of security interest.

1. Law
2. Nevada Revised Statutes
3. Watercraft
4. Transfer of ownership not required on pledge of security interest.

The transferee of a security interest of any legal owner of any motorboat numbered under this chapter need not make application for transfer of ownership if such security interest arises from a pledge of a security agreement by the legal owner to the pledgee.

(Added to NRS by 1971, 1377)

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