1. 1. Before the issuance of any certificate of ownership, the Department shall obtain a statement in writing signed by the transferee or transferor, showing:

   1. (a) The date of the sale or other transfer of ownership of the power-driven vessel.
   2. (b) The name and address of the seller or transferor.
   3. (c) The name and address of the buyer or transferee.

2. 2. Upon receipt of:

   1. (a) The properly endorsed certificate of ownership;
   2. (b) The certificate of number and the required fee;
   3. (c) The statement of information; and

   4. (d) Proof that the applicable taxes have been paid,

      the Department shall issue a new certificate of ownership and a new certificate of number to the transferee. The previous number may be reassigned to the transferee.

(Added to NRS by 1971, 1376; A 1975, 644; 1985, 1966; 1987, 856; 1993, 1649; 2003, 1571, 2824)