Delaware Code Title 21 Sec. 2332 – Notation of liens and encumbrances on certificate of title
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Each certificate of title shall contain a statement of the owner’s title and of the liens and encumbrances upon the vehicle therein described as noted in the application and whether possession is held by the owner under a lease, contract of conditional sale or other like agreement.
36 Del. Laws, c. 10, § ?10; Code 1935, § ?5548; 43 Del. Laws, c. 244, § ?5; 21 Del. C. 1953, § ?2332;
Terms Used In Delaware Code Title 21 Sec. 2332
- Contract: A legal written agreement that becomes binding when signed.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC