Sale of watercraft to dealer; manufacturer's or importer's
certificate
Sec. 5. (a) A manufacturer, importer, dealer, or other person may
not sell or otherwise dispose of a new watercraft to a dealer, to be
used by the dealer for purposes of display and resale, without
delivering to the dealer a manufacturer's or importer's certificate
executed under this section and with those assignments on the
certificate as are necessary to show title in the purchaser of the
watercraft. A dealer may not purchase or acquire a new watercraft
without obtaining from the seller of the watercraft the manufacturer's
or importer's certificate.
(b) A manufacturer's or importer's certificate of the origin of a
watercraft must contain the following information along with the
additional information the bureau requires:
(1) A description of the watercraft, including, if applicable, the
make, year, length, dry weight, series or model, horsepower
rating, hull type, and hull identification number.
(2) Certification of the date of transfer of the watercraft to a
distributor, dealer, or other transferee and the name and address
of the transferee.
(3) Certification that this is the first transfer of the new
watercraft in ordinary trade and commerce.
(4) The signature and address of a representative of the
transferor.
(c) An assignment of a manufacturer's or importer's certificate
shall be printed on the reverse side of the manufacturer's or
importer's certificate. The assignment form must include the
following:
(1) The name and address of the transferee.
(2) A certification that the watercraft is new.
(3) A warranty that the title at the time of delivery is subject
only to the liens and encumbrances that are set forth and
described in full in the assignment.
As added by P.L.71-1991, SEC.11.
Last modified: May 27, 2006