Section 1382 - DefinitionsAs used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [1993, c. 263, §1(NEW).]
1.Default. "Default" means the failure to pay obligations incurred by the storage of a boat, boat motor or boat trailer. [1993, c. 263, §1(NEW).]
2.Facility. "Facility" means a marina, boatyard or marine repair facility that provides, as part of its commercial operation, the storage of boats, boat motors or boat trailers. [1993, c. 263, §1(NEW).]
3.Lienholder. "Lienholder" or "lienholder of record" means a person who claims an interest in or lien on the property pursuant to a financing statement filed with the Secretary of State or other public filing. [1993, c. 263, §1(NEW).]
4.Property. "Property" means a boat, boat motor or boat trailer in storage at a facility. [1993, c. 263, §1(NEW).]
1993, c. 263, § 1 (NEW) .