33 CFR § 187.323 - Rights of purchaser other than secured party.

---
identifier: "/us/cfr/t33/s187.323"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "33 CFR § 187.323 - Rights of purchaser other than secured party."
title_number: 33
title_name: "Navigation and Navigable Waters"
section_number: "187.323"
section_name: "Rights of purchaser other than secured party."
chapter_name: "COAST GUARD, DEPARTMENT OF HOMELAND SECURITY"
subchapter_number: "S"
subchapter_name: "BOATING SAFETY"
part_number: "187"
part_name: "VESSEL IDENTIFICATION SYSTEM"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "46 U.S.C. 2103, 12501, 31322; DHS Delegation No. 00170.1, Revision No. 01.2, paragraph (II)(92)."
regulatory_source: "USCG-1999-6420, 66 FR 15630, Mar. 20, 2001, unless otherwise noted."
cfr_part: "187"
---


# 187.323 Rights of purchaser other than secured party.

(a) A buyer in ordinary course of business has the protections afforded by State law even if an existing certificate of title was not signed and delivered to the buyer or a new certificate listing the buyer as owner of record was not created.

(b) Except as otherwise provided in §§ 187.317 and 187.324, the rights of a purchaser of a vessel who is not a buyer in ordinary course of business or a lien creditor are governed by State law.