{"data":{"id":"us/33-cfr-187.323","jurisdiction":"us","citation":"33 CFR 187.323","heading":"Rights of purchaser other than secured party.","body":"(a) A buyer in ordinary course of business has the protections afforded by State law even if an existing certificate of title was not signed and delivered to the buyer or a new certificate listing the buyer as owner of record was not created.\n(b) Except as otherwise provided in §§ 187.317 and 187.324, the rights of a purchaser of a vessel who is not a buyer in ordinary course of business or a lien creditor are governed by State law.","path":["Title 33—Navigation and Navigable Waters","CHAPTER I—COAST GUARD, DEPARTMENT OF HOMELAND SECURITY","SUBCHAPTER S—BOATING SAFETY","PART 187—VESSEL IDENTIFICATION SYSTEM","Subpart D—State Vessel Titling Systems [Docket No. USCG-2018-0160, 87 FR 34192, June 6, 2022]"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-33.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:35Z","sha256":"39b95c62761b98d1dc1a52312b4b885de1a144c3cfbf24a70e35e121a3d83e2d","source_id":"us-cfr","stale":true,"prev":"us/33-cfr-187.322","next":"us/33-cfr-187.324"},"notice":"GroundRules: Original legal text. Not legal advice."}