Texas Parks and Wildlife Code

§ 31.0575 — TRANSFER OF OWNERSHIP BY SECURED PARTY'S TRANSFER STATEMENT

PW § 31.0575Title 4. WATER SAFETY · Ch. 31. WATER SAFETY · Art. B-1. CERTIFICATES OF TITLE FOR VESSELS AND OUTBOARD MOTORS

(a)In this section, "secured party's transfer statement" means a record signed by the secured party of record stating:

(1)there has been a default on an obligation secured by the vessel or outboard motor;

(2)the secured party of record is exercising or has exercised post-default remedies with respect to the vessel or outboard motor;

(3)by reason of the exercise, the secured party of record has the right to transfer the ownership interest of an owner, and the name of the owner;

(4)the name and last known mailing address of the owner of record and the secured party of record;

(5)the name of the transferee;

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