- (a) A person transferring a boat requiring title under this subchapter shall assign ownership to the new owner, in the case of a previously titled boat, by completing the appropriate assignment portion of the certificate of title, or in the case of a new boat, by completing the assignment portion of the certificate of origin.
- (b) Moneys and applications shall be forwarded to the Commission within 10 days of transferring ownership.
- (c) The lessor shall maintain the certificate of title of a leased boat.