Transfer of vehicle registration or registration in another name;
good faith requirement; repossessed vehicles
Sec. 2. (a) This section does not apply to or affect the registration
of a motor vehicle sold by a person who, under the terms or
conditions of a written instrument giving a right of repossession, has
exercised the right and has repossessed a motor vehicle from a
person whose certificate of registration has been suspended under
this article.
(b) If an owner's registration has been suspended under this
article, the registration may not be transferred or the motor vehicle
registered in another name until the bureau is satisfied that the
transfer or registration is proposed in good faith and not for the
purpose or with the effect of defeating the purposes of this article. A
transfer or registration shall be permitted when the transferee
furnishes proof of financial responsibility to the bureau.
(c) A transfer or registration made or obtained in violation of this
section is void for the purposes of this article.
As added by P.L.2-1991, SEC.13.
Last modified: May 27, 2006