1. (a) Upon the sale of a passenger boat, the purchaser shall within ten (10) days do the following at the same time:

   1. (1) Give notice in writing to the department of the sale and the date of the sale.
   2. (2) Surrender the certificate to the department for cancellation.

2. (b) The department shall, upon receipt, issue a new certificate of inspection and registration to the purchaser. The department shall charge and collect a fee of five dollars ($5) for issuing the certificate.

   [Pre-1995 Recodification Citation: 14-1-1-54.]

As added by P.L.1-1995, SEC.8.