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Electronic Code of Federal Regulations

e-CFR Data is current as of December 16, 2014

Title 13Chapter IIIPart 314 → Subpart C


Title 13: Business Credit and Assistance
PART 314—PROPERTY


Subpart C—Personal Property


Contents
§314.9   Recorded statement—title.

§314.9   Recorded statement—title.

For all Projects which EDA determines involve the acquisition or improvement of significant items of Personal Property, including but not limited to ships, machinery, equipment, removable fixtures or structural components of buildings, the Recipient shall execute a security interest or other statement of EDA's interest in the Personal Property, acceptable in form and substance to EDA, which statement must be perfected and placed of record in accordance with applicable law, with continuances re-filed as appropriate. Whether or not a statement is required by EDA to be recorded, the Recipient must hold title to the Personal Property acquired or improved as part of the Project, except as otherwise provided in this part.



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