New Jersey § 12:7a-10
Full text of New Jersey New Jersey Statutes § 12:7a-10, with citation guidance and answers to common questions.
§ 12:7a-10.
Whenever marine equipment is sold in this State, the seller shall execute and deliver
to the purchaser an assignment of the certificate of ownership. If a security interest exists at the time of the sale or if, in connection with
the sale, a security interest is taken or retained by the seller to secure all or
part of the purchase price of the marine equipment, or is taken by a person who by
making an advance or incurring an obligation gives value to enable the purchaser to
acquire rights in the marine equipment, the name and business or the residence address
of the secured party or his assignee shall be noted on the certificate of ownership. Nothing in this section shall apply to a security interest in marine equipment which
constitutes inventory held for sale, but the interest shall be subject to chapter
9 of Title 12A of the New Jersey Statutes. Nothing in this section shall apply to seized marine equipment sold by the director,
the State Marine Police Force or any law enforcement agency.
Frequently Asked Questions About New Jersey § 12:7a-10
What does New Jersey Statutes § 12:7a-10 cover?
Section 12:7a-10 is part of the New Jersey Statutes, the codified statutory law of New Jersey. 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 New Jersey § 12:7a-10?
A common citation format is "New Jersey Statutes § 12:7a-10" (New Jersey). 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 New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 12:7a-10 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey 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 New Jersey.