Texas Parks and Wildlife Code

§ 31.0466 — TITLE FOR ABANDONED VESSEL; BOND

PW § 31.0466Title 4. WATER SAFETY · Ch. 31. WATER SAFETY · Art. B-1. CERTIFICATES OF TITLE FOR VESSELS AND OUTBOARD MOTORS

Statute text

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(a)A person may apply for a certificate of title for an abandoned vessel or outboard motor found on the person's property.

(b)The department may cancel the certificate for the abandoned vessel or outboard motor and issue a new certificate to the applicant if the applicant:

(1)executes and files a bond with the department:

(A)in the form prescribed by the department;

(B)issued by a person authorized to act as a surety business in this state;

(C)in an amount equal to 1-1/2 times the value of the abandoned vessel or outboard motor as determined by the department; and

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Legislative history

Added by Acts 2011, 82nd Leg., R.S., Ch. 720 (H.B. 787), Sec. 2, eff. September 1, 2011.