§ 29.1-717.2. Transfer by operation of law
In the event of a transfer by operation of law of the title or interest of an owner in and to a watercraft numbered and titled under the provisions of this chapter, the transferee or his legal representative shall make application to the Department for a certificate of title therefor, giving the name and address of the person entitled thereto, and accompany such application with the certificate of number and certificate of title previously issued for the watercraft, if available, together with such instruments or documents of authority, or certified copies thereof, as are required by law to evidence or effect a transfer of title or interest in or to chattels in such case. The Department shall cancel the certificate of number and title of the watercraft and issue a new certificate of number and title to the person entitled thereto.
For purposes of this section, transfers by operation of law shall include transfers to anyone as legatee or distributee or as surviving joint owner or by an order in bankruptcy or insolvency, or transfers by execution sale, sales as provided for in § 43-34, repossession upon default in the performing of the terms of a lease or executory sales contract or transfers pursuant to any written agreement ratified or incorporated in a decree or order of a court of record, or otherwise than by the voluntary act of the person whose title or interest is so transferred.
(1989, c. 157.)Sections: Previous 29.1-712 29.1-713 29.1-714 29.1-715 29.1-716 29.1-717 29.1-717.1 29.1-717.2 29.1-717.3 29.1-718 29.1-719 29.1-720 29.1-721 29.1-722 29.1-723 Next
Last modified: April 16, 2009