Transfers of ownership
Sec. 4. (a) If the ownership of a vehicle registered under this
article is transferred, except a transfer from a manufacturer or dealer:
(1) the registration of the vehicle expires; and
(2) the person transferring the vehicle shall remove the license
plates and certificate of registration from the vehicle.
(b) A person who transfers to another person the ownership of a
registered vehicle owned by the person, upon the filing of an
application for the transfer of the registration and the payment of a
fee under IC 9-29-5-23, may have another vehicle registered in the
person's name either individually or jointly with another for the
remainder of the registration year if the vehicle to which the
registration is transferred is:
(1) of the same type; and
(2) in the same fee class;
as the vehicle for which the registration was originally issued.
(c) If a vehicle to which the registration is transferred is in a
higher fee class than the vehicle for which the registration was
originally issued, the person applying for the transfer shall pay, in
addition to the transfer fee, the difference between the fee paid for
the registration of the vehicle to which the registration is transferred.
(d) If a person who owns a vehicle wants to change the ownership
of the vehicle by the addition of another person as owner, the person
shall be issued a certificate of registration with the name of the other
person included after the person who owns the vehicle has complied
with IC 9-17.
(e) If at least one (1) person who is a joint owner transfers the
person's ownership interest in a vehicle to at least one (1) remaining
joint owner, the certification of registration shall be issued to the
remaining joint owner or owners if the transferring owner or owners
relinquish any interest in the use of the registration.
As added by P.L.2-1991, SEC.6.
Last modified: May 27, 2006