Rhode Island General Laws 39-12.1-7. Thirty (30) day waiting period
Current as of: 2023 | Check for updates
|
Other versions
Any certificated tower in possession of any vehicle subject to a possessory lien for a period in excess of thirty (30) consecutive days, and not having been compensated in accordance with its published tariff, is authorized to give notice and proceed to foreclosure as provided in § 39-12.1-8 and § 39-12.1-9.
History of Section.
P.L. 1994, ch. 328, § 1.
Terms Used In Rhode Island General Laws 39-12.1-7
- 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