§ 29.1-720. Transfer to or from dealer; manufacturer's or importer's certificate
A. No dealer shall purchase or acquire a new watercraft without obtaining from the seller a manufacturer's or importer's certificate.
B. No manufacturer, importer, dealer, or other person shall sell or otherwise dispose of a new watercraft to a dealer for purposes of display and resale without delivering to the dealer a manufacturer's or importer's certificate.
C. The manufacturer's or importer's certificate shall be a uniform or standardized form prescribed by the Department and shall contain:
1. A description of the watercraft including its trade name, if any, year, series or model, body type, and manufacturer's serial number;
2. Certification of date of transfer of watercraft and name and address of transferee;
3. Certification that this was the transfer of watercraft in ordinary trade and commerce; and
4. Signature and address of a representative of the transferor.
D. On the reverse side of each manufacturer's or importer's certificate shall appear an assignment form, including the name and address of the transferee, a certification that the watercraft is new, and a warranty that the title at the time of delivery is subject only to such liens and encumbrances as set forth and described in full in the assignment.
(1981, c. 405, § 62.1-186.9; 1987, c. 488.)Sections: Previous 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 29.1-724 29.1-725 29.1-726 29.1-727 Next
Last modified: April 3, 2009