Mich. Admin. Code R. 281.2201 - Definitions
Rule 1. As used in the act and these rules:
(a) "Act" means Act No. 160 of the Public
Acts of 1976, as amended, being S281.1201 et seq. of the Michigan Compiled
Laws.
(b) "Amphibious vehicle"
means a vehicle by which a person or object may be propelled both on water and
on a highway or street on land.
(c)
"Certificate of title" means the certificate of title for a watercraft, unless
the context requires otherwise.
(d)
"Dealer" means a person who engages in the retail sale of watercraft for profit
and who possesses a Michigan sales tax license and includes any employee,
servant, or agent of the dealer.
(e) "Hull identification number" means, with
regard to watercraft manufactured after December 31, 1974, a 12-character
number beginning with 3 characters representing a state's or manufacturer's
code as developed by the United States coast guard. With regard to watercraft
manufactured on or before December 31, 1974, the term means a number consisting
of any number of characters intended to serve as a unique identifier for a
watercraft.
(f) "Liens" and
"lienholders" do not include maritime liens or the holder thereof pursuant to
Public Law 69-806, 46 U.S.C. S971 et seq.
(g) "Operation of law" includes transfer of
ownership of a watercraft by means of a marshall's sale following foreclosure
of a maritime lien.
(h) "Right,
claim, or interest in watercraft" does not include a maritime lien arising
under Public Law 69-806, U.S.C. S971 et seq.
(i) "Secretary of state" includes employees
of the department of state.
(j)
"Security interest" includes an interest granted by a combination agreement
covering more than 1 watercraft or combination of watercraft and other vehicles
or property.
Notes
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