California Vehicle Code

§ 9916.5

VEH § 9916.5Div. 3.5 · Ch. 3

Statute text

(a)On death of the owner of a vessel numbered under this division and owned in beneficiary form, the vessel belongs to the surviving beneficiary, if any. If there is no surviving beneficiary, the vessel belongs to the estate of the deceased owner.

(b)A certificate of ownership in beneficiary form may be revoked or the beneficiary changed at any time before the death of the owner by either of the following methods:

(1)By sale of the vessel with property assignment and delivery of the certificate of ownership to another person.

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Legislative history

Added by Stats. 1991, Ch. 1055, Sec. 62. Operative January 1, 1993, by Sec. 64 of Ch. 1055.