(a) Each county clerk shall make available a beneficiary designation form that allows the owner or owners of a vehicle to arrange for the transfer of the vehicle's title to a named beneficiary upon the death of the owner or upon the death of all owners of the vehicle. The form shall include fields for the following information:

(i) The manufacturer, model, year and vehicle identification number of the vehicle;

(ii) The name of all owners of the vehicle;

(iii) The words 'transfer on death to' followed by the name of the beneficiary; and

(iv) The notarized signature of all owners of the vehicle.

(b) The form shall be recorded in the office of the county clerk in the county where the vehicle is titled.

(c) Upon the death of the owner, or of the last surviving owner, of a vehicle for which a beneficiary designation form has been properly executed and recorded, as described in subsections (a) and (b) of this section, the beneficiary shall present the recorded form or a copy of the form to the county clerk and request a new certificate of title in the beneficiary's name. The beneficiary shall also present to the county clerk:

(i) A certified copy of the death certificate of the vehicle's owner or the last surviving owner of the vehicle; and

(ii) The fee for an application for a certificate of title required under W.S. 31-3-102(a)(vii).

(d) Upon the presentation of a properly executed beneficiary designation form, submittal of the certified copy of a death certificate and payment of the certificate of title application fee, as described in subsection (c) of this section, the county clerk, subject to any liens and security interest, shall issue a new certificate of title to the beneficiary.

(e) The estate of a deceased vehicle owner is not liable for obtaining a new certificate of title or for transferring title to the vehicle pursuant to a beneficiary designation form if the personal representative does not have actual knowledge of the existence of a valid, unrevoked beneficiary designation form.

(f) A successor of a decedent, or a person acting on behalf of a successor, is not liable for obtaining a new certificate of title or transferring title to a vehicle subject to a beneficiary designation form if the person does not have actual knowledge of the existence of a valid, unrevoked beneficiary designation form.

(g) During the lifetime of the owner of a vehicle for which a beneficiary designation form has been properly executed or before the death of the last surviving owner of such a vehicle:

(i) The signature or consent of the beneficiary is not required for any transaction relating to the vehicle; and

(ii) The owner or owners of the vehicle may revoke the beneficiary designation form or change the beneficiary of the beneficiary designation form at any time by:

(A) Transferring ownership of the vehicle with proper assignment and delivery of the certificate of title to another person; or

(B) Properly executing a subsequent beneficiary designation form that designates a new beneficiary.

(h) Upon the death of the owner of a vehicle or upon the death of the last surviving owner of a vehicle for which a beneficiary designation form has been properly executed, the interest of the beneficiary in the vehicle is subject to any contract of sale, assignment, lien, ownership or security interest to which the deceased owner or owners were subject.

(j) Except as provided in paragraph (g)(ii) of this section, the designation of a beneficiary in a beneficiary designation form may not be changed or revoked by will or by any other instrument or by a change in circumstances.

(k) The transfer of a vehicle pursuant to this section is a nonprobate transfer pursuant to the Wyoming Probate Code.

(m) As used in this section, unless the context otherwise requires:

(i) 'Beneficiary' means one or more specifically named persons or entities designated to receive title to a vehicle upon the death of the preceding owner;

(ii) 'Beneficiary designation form' means a form that indicates the intention of a present owner or owners of a vehicle to transfer ownership of the vehicle to a named beneficiary upon the death of the owner or last surviving owner of the vehicle.