(a) A nonpossessory lien on a titled watercraft is not perfected unless a lien statement is filed with the commissioner.
(b) The lien statement must include:
(1) the watercraft owner's name and address;
(2) the statute under which the lien is taken;
(3) the name and address of the lienholder; and
(4) the title number of the watercraft.
(c) The commissioner shall note the time and date of filing the lien statement.
History: 1989 c 335 art 1 s 241; 1990 c 391 art 10 s 3
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