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Texas Statutes (Last Updated: January 4, 2014) |
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PARKS AND WILDLIFE CODE |
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Title 4. WATER SAFETY |
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Chapter 31. WATER SAFETY |
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Subchapter B-1. CERTIFICATES OF TITLE FOR VESSELS AND OUTBOARD MOTORS |
Sec. 31.050. FORM OF MANUFACTURER'S AND IMPORTER'S CERTIFICATE
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(a) A manufacturer's certificate or an importer's certificate must include:
(1) a description of the vessel or outboard motor as required by Subdivision (2) of Subsection (b) of Section 31.047 of this code;
(2) the name and place of construction or other origin;
(3) the signature of the manufacturer or an equivalent of the signature of the manufacturer; and
(4) the endorsement of the original and each subsequent transferee, including the applicant for the original certificate of title.
(b) A lien, security interest, or other encumbrance may not be shown on a manufacturer's or importer's certificate.
(c) A security interest in a vessel or outboard motor held as inventory by a person who is in the business of selling or leasing goods of that kind may be perfected only by complying with Chapter 9, Business & Commerce Code.