Connecticut § 15-223 - Effect of perfected or nonperfected security interest.
Full text of Connecticut Connecticut General Statutes § 15-223 — Effect of perfected or nonperfected security interest., with citation guidance and answers to common questions.
§ 15-223. Effect of perfected or nonperfected security interest.
Sec. 15-223. Effect of perfected or nonperfected security interest. (a) Subject to subsection (b) of this section, the effect of perfection and nonperfection of a security interest and the priority of a perfected or unperfected security interest with respect to the rights of a purchaser or creditor, including a lien creditor, shall be governed by the provisions of title 42a.
(b) If, while a security interest in a vessel is perfected by any method under section 15-214, the Department of Motor Vehicles creates a certificate of title that does not indicate that the vessel is subject to the security interest or contain a statement that it may be subject to security interests not indicated on the certificate of title:
(1) A buyer of the vessel, other than a person in the business of selling or leasing vessels of that kind, takes free of the security interest if the buyer, acting in good faith and without knowledge of the security interest, gives value and receives possession of the vessel; and
(2) The security interest is subordinate to a conflicting security interest in the vessel that is perfected under section 15-214 after creation of the certificate of title and without the secured party's knowledge of the conflicting security interest.
(P.A. 14-63, S. 23.)
History: P.A. 14-63 effective January 1, 2016.
Source: official Connecticut text · Last verified 2026-08-27
Frequently Asked Questions About Connecticut § 15-223
What does Connecticut General Statutes § 15-223 cover?
Section 15-223 ("Effect of perfected or nonperfected security interest.") is part of the Connecticut General Statutes, the codified statutory law of Connecticut. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Connecticut § 15-223?
A common citation format is "Connecticut General Statutes § 15-223" (Connecticut). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Connecticut law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Connecticut official source linked on this page or consult a licensed Connecticut attorney.
How does Connecticut § 15-223 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Connecticut can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Connecticut.