2006 Code of Virginia § 29.1-731 - Levy of execution, etc

29.1-731. Levy of execution, etc.

A levy made by virtue of an execution, fieri facias or other proper courtorder, upon a watercraft for which a certificate of title has been issued bythe Department, shall constitute a lien, subsequent to security interestspreviously recorded by the Department and subsequent to security interests ininventory held for sale and perfected as otherwise permitted by law, when theofficer making the levy reports to the Department at its principal office, onforms provided by the Department, that the levy has been made and that thewatercraft levied upon is in the custody of the officer. Should the lienthereafter be satisfied or should the watercraft levied upon and seizedthereafter be released by the officer, he shall immediately report that factto the Department at its principal office. Any owner who, after such levy andseizure by an officer and before the report is made by the officer to theDepartment, fraudulently assigns or transfers his title to or interest in thewatercraft, or causes the certificate of title to be assigned or transferred,or causes a security interest to be shown upon such certificate of title,shall be guilty of a Class 1 misdemeanor.

(1981, c. 405, 62.1-186.20; 1987, c. 488.)