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86B.875 INAPPLICABLE LIENS AND SECURITY INTERESTS.
The requirements of this chapter relating to security interests and certificate of title do
not apply to or affect:
(1) a lien given by statute or rule of law to a supplier of services or materials for the
watercraft while the watercraft is in the possession of the lienholder;
(2) a lien given by statute to the United States, this state, or a political subdivision of this
state; or
(3) a security interest in a watercraft created by a manufacturer or dealer who holds the
watercraft for sale.
History: 1989 c 335 art 1 s 233; 1990 c 391 art 10 s 3