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Senate Bill 0344


Senate Bill 0344

ARCHIVE (2001)

Latest Information

 

DIGEST OF SB344 (Updated April 5, 2001 12:34 PM - DI 84)


Abandoned watercraft. Permits marina operators to sell at auction watercraft that have been left at the marina without permission for more than six months. Requires the marina operator to perform a title search in the records of the state of registration as indicated on the exterior of the watercraft, coast guard records, and the bureau of motor vehicles before conducting an auction. Requires the marina operator to notify the owner and any lien holder of the intent to sell the abandoned watercraft. Allows the owner or lien holder to redeem the watercraft within 10 days of receiving notice from the marina operator. Provides that if the watercraft is not redeemed, the watercraft will be auctioned and sold to the highest bidder. Requires the marina operator to provide the highest bidder with an affidavit of sale, which constitutes proof of ownership permitting the bureau to issue a certificate of title to the purchaser.
    Current Status:
     Law Enacted
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