Originally posted by al cole'holic
..just a general question in case anyone knew
They can hold the boat until they get paid for the recovery. A lean is almost immedietly placed on the boat by the recovery company and storage is added up daily. If a loan is still out on the boat then the bank is notified of it's wherabouts. If it is paid off then the registered owner is notified. If either doesn't lay claim to the boat and not pay the recovery and storage fees, then the boat is sold under a lean. Usually a 30 day process, however with this boat it may fall under the 45 day rule depending on it's value.