Subdivision 1. Certificate of origin required. (a) A dealer may not purchase or acquire a new titled watercraft without obtaining a manufacturer's or importer's certificate of origin from the seller.
(b) A manufacturer, importer, dealer, or other person may not sell or otherwise dispose of a new titled watercraft to a dealer for purposes of display and resale without delivering to the dealer a manufacturer's or importer's certificate of origin.
Subd. 2. Contents of certificate. The manufacturer's or importer's certificate of origin must be of a form prescribed by the commissioner and contain:
(1) a description of the watercraft, including its trade name, if any, year, series or model, hull material, length, and hull identification number;
(2) certification of the date of transfer of the watercraft and the name and address of the person to whom the watercraft was transferred;
(3) certification that the transfer of the watercraft was in ordinary trade and commerce;
(4) the signature and address of a representative of the person transferring the watercraft;
(5) an assignment form, including the name and address of the person the watercraft is to be transferred to, a certification that the watercraft is new, and a warranty that the title at the time of delivery is subject only to the security interests stated on the title; and
(6) other information required by the commissioner.
Subd. 3. Sale of new watercraft. A dealer selling or exchanging a new titled watercraft, before delivering the watercraft to a purchaser, shall apply to the commissioner for a new title in the name of the purchaser. The application must contain the name and address of any secured party holding a security interest created or reserved at the time of sale and the date of the security agreement and must be accompanied by a manufacturer's or importer's certificate of origin. The application must be signed by the dealer and the owner, and the dealer shall promptly mail or deliver the application to the commissioner or a deputy registrar.
Subd. 4. Used watercraft acquired for resale. (a) If a dealer buys or acquires a used titled watercraft for resale, the dealer must apply to the commissioner or deputy registrar and obtain a title number before selling or exchanging the watercraft in the same manner as a new watercraft on forms the commissioner provides or apply for and obtain a certificate of title.
(b) If a dealer acquires a used titled watercraft for resale and the watercraft is covered by a certificate of title that is surrendered to the dealer by the owner at the time of delivery of the watercraft, the dealer need not send the certificate of title to the commissioner. Upon transferring the watercraft to another person, the dealer must promptly execute the assignment, showing the name and address of the person to whom the watercraft is transferred and forward the certificate to the commissioner or deputy registrar with the application for a new certificate of title.
Subd. 5. Watercraft with foreign registration. (a) Except as provided in paragraph (b), an application for a certificate of title for a watercraft last registered in another state or foreign country must contain or be accompanied by:
(1) a certificate of title or registration issued by the other state or foreign country; and
(2) other information or documents the commissioner requires to establish the ownership of the watercraft and the existence or nonexistence of security interests.
(b) If the state or foreign country where the watercraft was last registered does not issue certificates of title, the application must contain or be accompanied by:
(1) a proper bill of sale or sworn statement of ownership, certificate of registration, or evidence of ownership as required by the law of the state or foreign country; and
(2) any other information or documents the commissioner requires to establish the ownership of the watercraft and the existence or nonexistence of security interests.
1989 c 335 art 1 s 225; 1990 c 391 art 10 s 3
Structure Minnesota Statutes
Chapters 85 - 87A — Recreation
Chapter 86B — Water Safety And Watercraft
Section 86B.001 — Water Use Policy.
Section 86B.005 — Definitions.
Section 86B.101 — Watercraft Safety Program.
Section 86B.105 — Sheriff's Safety Program.
Section 86B.106 — Barring Vehicles From Unsafe Ice.
Section 86B.107 — Removing Submerged Vehicles From State Waters.
Section 86B.111 — Navigation Markers And Buoys.
Section 86B.115 — Using Docks And Structures For Advertising.
Section 86B.121 — Races, Competitions, And Exhibitions.
Section 86B.125 — Leased Watercraft.
Section 86B.13 — Aquatic Invasive Species Prevention Program.
Section 86B.201 — State Law And Local Ordinance Authority.
Section 86B.205 — Water Surface Use Ordinance.
Section 86B.211 — Water Safety Rules.
Section 86B.301 — Watercraft Licenses Required.
Section 86B.305 — Youth Operators.
Section 86B.311 — General Rules For Operation.
Section 86B.313 — Personal Watercraft; Regulations.
Section 86B.315 — Towing Person On Water Skis Or Other Device.
Section 86B.321 — Noise Limits.
Section 86B.325 — Discharge From Marine Toilets Prohibited.
Section 86B.33 — Operating While Impaired.
Section 86B.335 — Testing For Alcohol And Controlled Substances.
Section 86B.341 — Duties And Liabilities At Accident Or Incident.
Section 86B.401 — Watercraft Licenses.
Section 86B.405 — Dealer's License.
Section 86B.411 — Government Watercraft Licenses.
Section 86B.415 — License Fees.
Section 86B.421 — Licensing By Political Subdivisions.
Section 86B.501 — Personal Flotation And Lifesaving Devices.
Section 86B.505 — Watercraft Capacity Plates.
Section 86B.515 — Sirens And Sound-producing Devices.
Section 86B.521 — Motorboat Noise Control.
Section 86B.525 — Device For Arresting Backfire.
Section 86B.531 — Fire Extinguishers And Fuel Area Ventilation.
Section 86B.532 — Carbon Monoxide Detection; System Requirements.
Section 86B.535 — Marine Toilets.
Section 86B.601 — Scuba Diving.
Section 86B.701 — Funding County Water Safety.
Section 86B.705 — Allocating Water Recreation Account, Fines, And Forfeited Bail Money.
Section 86B.706 — Water Recreation Account; Receipts And Purpose.
Section 86B.801 — Enforcement Authority.
Section 86B.805 — Enforcement Watercraft.
Section 86B.811 — Criminal Penalties.
Section 86B.815 — Violation As Evidence In Civil Action.
Section 86B.820 — Definitions.
Section 86B.825 — Certificate Of Title Required.
Section 86B.830 — Applying For And Issuing Certificate Of Title.
Section 86B.835 — Dealer Acquisition And Transfer.
Section 86B.840 — Transfer By Owner.
Section 86B.841 — Transfer-on-death Title To Watercraft.
Section 86B.845 — Temporary Watercraft Use Permits.
Section 86B.850 — Duplicate Certificate.
Section 86B.855 — Suspending Or Revoking Certificate.
Section 86B.860 — Responsibilities Of Commissioner.
Section 86B.875 — Inapplicable Liens And Security Interests.
Section 86B.880 — Security Interests.
Section 86B.885 — Owner-created Security Interest.
Section 86B.890 — Licensed Watercraft Previously Perfected.
Section 86B.895 — Satisfaction Of Security Interest.
Section 86B.900 — Disclosing Security Agreement.
Section 86B.905 — Effect Of Suspension Or Revocation On Security Interest.
Section 86B.910 — Undisclosed Security Interests.