Rhode Island General Laws 39-12.1-11. Preexisting impoundments
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Any certificated tower having in its possession any vehicle for sixty (60) days or longer, of whatever value and regardless of how it came legally into possession thereof, is hereby presumed to have a valid possessory lien on the vehicle and may proceed to foreclosure after giving notice as provided in § 39-12.1-4 and § 39-12.1-8 of the lien.
History of Section.
P.L. 1994, ch. 328, § 1.
Terms Used In Rhode Island General Laws 39-12.1-11
- Certificated tower: means a carrier possessing a certificate of public convenience and necessity issued by the public utilities administrator for the purpose of transporting vehicles by tow-away method. See Rhode Island General Laws 39-12.1-2
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Lien: A claim against real or personal property in satisfaction of a debt.
- Vehicle: means any motor vehicle as defined in § 39-12-2. See Rhode Island General Laws 39-12.1-2