Connecticut General Statutes 14-167 – Certain liens and security interests not affected
This chapter does not apply to or affect: (1) A lien given by statute or rule of law to a supplier of services or materials for the vehicle; (2) a lien given by statute to the United States, this state or any political subdivision of this state; (3) a security interest in a vehicle created by a manufacturer or dealer who holds the vehicle for sale, but a buyer in ordinary course of business, as defined in subdivision (9) of subsection (b) of § 42a-1-201, takes free of the security interest, as stated in § 42a-9-320; or (4) a security interest in a vehicle that is inventory held for sale or lease by a person or leased by that person as lessor and that person is in the business of selling vehicles, as provided in subsection (d) of § 42a-9-311.
Terms Used In Connecticut General Statutes 14-167
- Dealer: means a person engaged in the business of buying, selling or exchanging vehicles who is licensed under the provisions of chapter 246. See Connecticut General Statutes 14-165
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Lien: A claim against real or personal property in satisfaction of a debt.
- Security interest: means a "security interest" as defined in subdivision (35) of subsection (b) of §. See Connecticut General Statutes 14-165
- State: means a state, territory or possession of the United States, the District of Columbia, the Commonwealth of Puerto Rico or a province of the Dominion of Canada. See Connecticut General Statutes 14-165
- Statute: A law passed by a legislature.
- Vehicle: means a motor vehicle as defined by §. See Connecticut General Statutes 14-165