Change or destruction of watercraft; surrender and cancellation
of certificate of title
Sec. 19. (a) If a watercraft is dismantled, destroyed, or changed in
a manner that the watercraft loses the character of a watercraft or
changed in a manner that the watercraft is not the watercraft
described in the certificate of title, an owner of the watercraft and a
person mentioned as owner in the last certificate of title shall
surrender the certificate of title to the bureau. The bureau shall, with
the consent of a holder of a lien noted on the certificate of title, enter
a cancellation upon the lienholder's records.
(b) Upon the cancellation of a certificate of title in the manner
prescribed by subsection (a), the bureau may cancel and destroy the
certificates.
As added by P.L.71-1991, SEC.11.
Last modified: May 27, 2006