Vermont § 3818 - Involuntary transfers

§ 3818. Involuntary transfers

• (a) If the interest of an owner in a vessel, snowmobile, or all-terrain vehicle passes
  to another person, other than by voluntary transfer, the transferee shall, except
  as provided in subsection (b) of this section, promptly mail or deliver to the Commissioner
  the last certificate of title, if available, proof of the transfer, and his or her
  application for a new certificate in the form the Commissioner prescribes. (b) If the interest of the owner is terminated or the vessel, snowmobile, or all-terrain
  vehicle is sold under a security agreement by a lienholder named in the certificate
  of title, the transferee shall promptly mail or deliver to the Commissioner the last
  certificate of title, his or her application for a new certificate in the form the
  Commissioner prescribes, and an affidavit, made by or on behalf of the lienholder,
  that the vessel, snowmobile, or all-terrain vehicle was repossessed and that the interest
  of the owner was lawfully terminated or sold pursuant to the terms of the security
  agreement. If the lienholder succeeds to the interest of the owner and holds the vessel,
  snowmobile, or all-terrain vehicle for resale, he or she need not secure a new certificate
  of title but, upon transfer to another person, shall promptly mail or deliver to the
  transferee or to the Commissioner the certificate, affidavit, and other documents
  required to be sent to the Commissioner by the transferee. (c) A person holding a certificate of title whose interest in the vessel, snowmobile,
  or all-terrain vehicle has been extinguished or transferred other than by voluntary
  transfer shall mail or deliver the certificate to the Commissioner upon request of
  the Commissioner. The delivery of the certificate pursuant to the request of the Commissioner
  does not affect the rights of the person surrendering the certificate, and the action
  of the Commissioner in issuing a new certificate of title is not conclusive upon the
  rights of an owner or lienholder named in the old certificate. (Added 1987, No. 152 (Adj. Sess.), § 1; amended 2001, No. 107 (Adj. Sess.), § 15; 2019, No. 131 (Adj. Sess.), § 251.)