Section 462A.2 462A.2 Definitions. A yachtbroker is a dealer. The term includes a person entitled to the use or possession of a vessel or motorboat subject to an interest in another person, reserved or created by agreement and securing payment or performance of an obligation, but the term excludes a lessee under a lease not intended as security. The term also includes the account arising when the right to payment is earned under a contract right. A vessel is in use whenever it is upon the water.
Ice boats are watercraft.
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