---
kind: "section"
citation: "33 C.F.R. § 187.323"
title: "33"
number: "187.323"
heading: "Rights of purchaser other than secured party."
url: "https://uscodex.org/cfr/33/187.323"
---

# §187.323. Rights of purchaser other than secured party.

- (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.
- (b) Except as otherwise provided in §§ [187.317](/cfr/33/187.317.md) and [187.324](/cfr/33/187.324.md), 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.

## Notes

### Authority

Authority: 46 U.S.C. 2103, 12501, 31322; DHS Delegation No. 00170.1, Revision No. 01.2, paragraph (II)(92).

### Source

Source: USCG-1999-6420, 66 FR 15630, Mar. 20, 2001, unless otherwise noted.