Oklahoma § 63-4012 - Sale or transfer of ownership - Assignment of certificate

§ 63-4012. Sale or transfer of ownership - Assignment of certificate

- Presentment of assigned certificate - Delivery of certificate Filing and indexing - Passage of ownership by operation of law Homemade vessels - Bills of sale - Duplicate certificates.

A. In the event of the sale or transfer of the ownership of a

vessel or motor for which a certificate of title has been issued,

the holder of such certificate shall endorse on the back of same a

complete assignment thereof with warranty of title in form printed

thereon with a statement of all liens or encumbrances on said vessel

or motor sworn to before a notary public or some other person

authorized by law to take acknowledgments, and deliver same to the

purchaser or transferee at the time of delivery to him of such

vessel or motor. The purchaser or transferee, unless such person is

a bona fide dealer licensed by the State of Oklahoma, shall, within

thirty (30) calendar days from the time of delivery to him of such

vessel or motor, present the assigned certificate of title to

Service Oklahoma, or one of its licensed operators, accompanied by

the fee required pursuant to Section 4014 of this title, together

with any excise tax or registration fee that may be due, whereupon a

new certificate of title, shall be issued to the assignee.

B. A licensed dealer shall, on selling or otherwise disposing

of a vessel or motor, execute and deliver to the purchaser thereof

the certificate of title properly and completely reassigned.

Oklahoma Statutes - Title 63. Public Health and Safety

C. Said certificate, when so assigned and returned to Service

Oklahoma, together with any subsequent assignment or reissue

thereof, shall be appropriately filed and indexed so that at all

times it will be possible to trace title to the vessel or motor

designated therein. Provided, when the ownership of any vessel or

motor shall pass by operation of law, the person owning such vessel

or motor may, upon furnishing satisfactory proof to Service Oklahoma

of such ownership, procure a title to said vessel or motor,

regardless of whether a certificate of title has ever been issued.

Provided, however, all homemade vessels shall first comply with the

provisions of subsection D of Section 4009 of this title.

D. The dealer shall execute and deliver to the purchaser bills

of sale for all new vessels or new motors sold by him. On

presentation of a bill of sale by a dealer for a new vessel or motor

sold in this state, accompanied by any fee required by Section 4014

of this title and any excise tax that may be due, a certificate of

title shall be issued.

E. Upon proper proof of a lost certificate of title being made

to Service Oklahoma or one of its licensed operators, accompanied by

an application therefor and payment of the fees required by Section

4014 of this title, a duplicate certificate of title shall be issued

to said applicant.

Added by Laws 1989, c. 346, § 12, eff. Jan. 1, 1990. Amended by

Laws 1992, c. 284, § 8, eff. Jan. 1, 1993; Laws 2022, c. 282, § 207,

emerg. eff. May 19, 2022.