SB 145: Motor Vehicles and Marine Vessels - Transfer-on-Death Designations

Summary

Authorizing an individual who is the sole owner of a marine vessel or multiple individuals who jointly co-own a marine vessel to apply to the Department of Natural Resources to designate a beneficiary to take ownership of the marine vessel on the death of the sole owner or each co-owner; and altering certain provisions of law governing the transfer-on-death designation for motor vehicles to allow multiple individuals who jointly co-own a motor vehicle to designate a transfer-on-death beneficiary.

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Apr 14, 2026

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