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ND HCR3004
Concurrent Resolution
Status
2/4/2013
Primary Sponsor
Lawrence Klemin
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AI Summary
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Directs the Legislative Management to study the Uniform Certificate of Title for Vessels Act for potential adoption in North Dakota
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Security interests perfected under the Act would receive preferred ship mortgage status under federal law, facilitating vessel financing
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Act requires vessel titles to be branded if hull integrity is compromised, aiding consumer protection and boating safety
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Act integrates with the Uniform Commercial Code, provides clear security interest rules, and deters vessel theft through improved claim identification
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Legislative Management must report findings, recommendations, and any required implementing legislation to the Sixty-fourth Legislative Assembly
Legislative Description
A concurrent resolution directing the Legislative Management to study the Uniform Certificate of Title for Vessels Act.
Last Action
Second reading, failed to adopt
3/26/2013