Code of Federal Regulations · Section
§ 187.15 — When Is A Mortgage A Preferred Mortgage?
33 C.F.R. § 187.15
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A mortgage, instrument, or agreement granting a security interest perfected under State law covering the whole of a vessel titled under the law of a participating State is a preferred mortgage if the State is certified under § 187.13.
Authorizing Statute
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Superintendence of the merchant marine46 U.S.C. § 2103