(1) When a certificate of title is issued by this state, the Department of Transportation shall deliver the certificate as follows unless otherwise provided by law:
- (a) To the security interest holder with the highest priority.
- (b) If there are no security interest holders, to the lessor.
- (c) If there are no security interest holders or lessors, to the owner of the vehicle.
- (2) When a salvage title certificate is issued by this state, the department shall deliver the certificate to the owner of the vehicle.
- (3) The department may determine by rule whether, when, how and to whom titles issued in a form other than a certificate shall be delivered.
[1983 c.338 §181; 1985 c.16 §63; 1991 c.873 §31; 1993 c.233 §23]