Subdivision 1. Voluntary transfer. (a) An owner who transfers a titled watercraft must execute the assignment and warranty of title to the person to whom the watercraft is transferred in the space provided on the certificate of title where the watercraft is delivered.
(b) The person acquiring the watercraft must obtain a new certificate of title by applying to the commissioner or a deputy registrar on a form prescribed by the commissioner, and submitting the required fee. The application for certificate of title must be filed within 15 days after delivery of the watercraft to the person acquiring the watercraft.
(c) Upon request of the owner or the person who acquired the watercraft, a secured party in possession of the certificate of title must deliver the certificate to the person acquiring the watercraft, the commissioner, or a deputy registrar, unless the transfer is a breach of the security agreement. The delivery of the certificate does not affect the rights of the secured party under the security agreement.
(d) If a security interest or encumbrance is first created at the time of transfer of ownership, the certificate must be retained by or delivered to the secured party.
Subd. 2. Transfer by law. (a) Except as otherwise provided in this chapter, if the ownership of a titled watercraft is transferred by operation of law, including inheritance or bequest, order in bankruptcy, insolvency, replevin, execution, sale, or satisfaction of mechanic's lien, or repossession upon default in performance of the terms of a security agreement, the person acquiring the watercraft by operation of law must promptly submit the last certificate of title, if available, or the manufacturer's or importer's certificate or other satisfactory proof of the transfer of ownership to the commissioner or deputy registrar with the application for a new certificate of title and the required fee.
(b) If a secured party acquires a titled watercraft under the terms of a security agreement or by operation of law, the secured party must promptly submit to the commissioner, a deputy registrar, or the person acquiring the watercraft from the secured party the last certificate of title, if available, an application for a new certificate of title with the required fee, and an affidavit by the secured party or an authorized representative stating the facts entitling the secured party to possession and ownership of the watercraft, including a copy of the journal entry, court order, or instrument upon which the claim of possession and ownership is founded. If the secured party cannot produce the required proof of ownership, the secured party may submit other evidence with the application and the commissioner may issue a new certificate of title if the evidence provides satisfactory proof of ownership.
1989 c 335 art 1 s 226; 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.