Section 86B.905 — Effect Of Suspension Or Revocation On Security Interest.
86B.905 EFFECT OF SUSPENSION OR REVOCATION ON SECURITY INTEREST. Suspension or revocation of a certificate of title does not, in itself, affect the validity of a security interest noted on it. History: 1989 c 335 art 1 s 239; 1990 c 391 art 10 s 3
Section 86B.910 — Undisclosed Security Interests.
86B.910 UNDISCLOSED SECURITY INTERESTS. If the commissioner is not satisfied that there are no undisclosed security interests created before the watercraft is initially titled, the commissioner may, in addition to its options under section 86B.830, subdivision 4, issue a distinctive certificate of title for the watercraft containing the legend: “This watercraft may be subject to […]
Section 86B.850 — Duplicate Certificate.
86B.850 DUPLICATE CERTIFICATE. Subdivision 1. Form and issuance. (a) The commissioner may issue a duplicate certificate of title under this section. The duplicate certificate of title must be a certified copy plainly marked “duplicate” across its face and must contain the legend: “This duplicate certificate of title may be subject to the rights of a […]
Section 86B.855 — Suspending Or Revoking Certificate.
86B.855 SUSPENDING OR REVOKING CERTIFICATE. Subdivision 1. Suspension or revocation. The commissioner shall suspend or revoke a certificate of title upon notice and reasonable opportunity to be heard if authorized by law or if the commissioner finds that: (1) the certificate of title was fraudulently procured or erroneously issued; or (2) the watercraft has been […]
Section 86B.860 — Responsibilities Of Commissioner.
86B.860 RESPONSIBILITIES OF COMMISSIONER. The commissioner shall prescribe and provide suitable forms of applications, certificates of title, notices of security interests, and other notices and forms necessary to implement this chapter. In addition, the commissioner may: (1) make necessary investigations to procure information required to implement this chapter; (2) assign a new hull identification number […]
Section 86B.820 — Definitions.
86B.820 DEFINITIONS. Subdivision 1. Applicability. The definitions in this section apply to sections 86B.820 to 86B.920. Subd. 2. Commissioner. “Commissioner” means the commissioner of natural resources. Subd. 3. Dealer. “Dealer” means a person who: (1) is in the business of manufacturing, distributing, selling, or purchasing new or used watercraft; (2) has an established place of […]
Section 86B.825 — Certificate Of Title Required.
86B.825 CERTIFICATE OF TITLE REQUIRED. Subdivision 1. Requirement. Except as provided in subdivision 2, a watercraft used on the waters of the state must have a certificate of title if the watercraft is kept in the state for more than 90 consecutive days. Subd. 2. Exempt watercraft. A watercraft is not required to have a […]
Section 86B.830 — Applying For And Issuing Certificate Of Title.
86B.830 APPLYING FOR AND ISSUING CERTIFICATE OF TITLE. Subdivision 1. Application. The owner of a titled watercraft must apply for the first certificate of title of a watercraft in this state to the commissioner or a deputy registrar on a form prescribed by the commissioner. The appropriate fee under section 86B.870 must accompany the application. […]
Section 86B.835 — Dealer Acquisition And Transfer.
86B.835 DEALER ACQUISITION AND TRANSFER. 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 […]
Section 86B.840 — Transfer By Owner.
86B.840 TRANSFER BY OWNER. 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 […]