Effective 28 Aug 1963
365.090. Transfer of equity in motor vehicle — fee. — A buyer may transfer his equity in the motor vehicle in which the holder has a property interest at any time to another person upon agreement by the holder, but in that event and if the original buyer is released from further liability the holder of the contract shall be entitled to a transfer of equity fee which shall not exceed fifteen dollars.
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(L. 1963 p. 466 § 9)
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