88.02.500 - Certificate of title system -- Intent.

Certificate of title system — Intent. (Effective July 1, 2011.)

It is the intention of the legislature:

     (1) To establish a system of certificates of title for vessels similar to that in existence for motor vehicles under chapter 46.12 RCW;

     (2) That certificates of title become sufficient evidence of ownership of the vessel it describes so that persons may rely upon that certificate; and

     (3) That security interest in vessels be perfected solely by notation of a secured party upon the certificate of title.

[2010 c 161 § 1009; 1985 c 258 § 1. Formerly RCW 88.02.120.]

Notes: Effective date -- Intent -- Legislation to reconcile chapter 161, Laws of 2010 and other amendments made during the 2010 legislative session -- 2010 c 161: See notes following RCW 46.04.013.

Effective date -- 1985 c 258: See note following RCW 88.02.520.