(a) Should the ownership of a motorboat change, the new owner shall file an application with the Director of the Department of Finance and Administration for the transfer of the certificate of operation of the motorboat to the new owner within thirty (30) calendar days after the date of the ownership change.
(b) Upon receipt of the application, the director shall cancel the certificate of number issued to the former owner of the motorboat and shall assign the number to the new owner of the motorboat and shall issue a certificate of number to the new owner.
(c) The application for transfer of the certificate of number shall be accompanied by a fee of two dollars ($2.00).
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