English to Serbian Bus/Financial Business/Commerce (general)

When the secured party, his or her successor, or his or her assignee, has deposited, either physically or by electronic transmission, with the department a properly endorsed certificate of ownership showing the secured party as legal owner or an application in usual form for an original registration, together with an application for registration of the secured party as legal owner, the deposit constitutes perfection of the security interest and the rights of all persons in the vehicle shall be subject to the provisions of the...