(a) No dealer shall acquire a new watercraft or outboard motor without obtaining from the seller a manufacturer's or importer's statement of origin.

(b) No manufacturer, importer, dealer, or other person shall sell or otherwise dispose of a new watercraft or outboard motor to a dealer without delivering to the dealer a manufacturer's or importer's statement of origin.

(c) The manufacturer's or importer's statement of origin must be a uniform or standardized form prescribed by the department and must contain:

(1) for a watercraft, the description of watercraft including its make, year of manufacture, or model year, and manufacturer's hull identification number, length, and construction, for an outboard motor the description including its make, model, year of manufacture, or model year, manufacturer's serial number, and horsepower;

(2) certification of date of transfer of watercraft or outboard motor, and name and address of transferee;

(3) certification that this was a transfer of watercraft or outboard motor in ordinary trade and commerce;

(4) the signature and address of a representative of the transferor; and

(5) on the reverse side of each manufacturer's or importer's statement of origin an assignment form, including the name and address of the transferee, a certification that the watercraft or outboard motor is new, and a warranty that the title at the time of delivery is subject only to liens and encumbrances set forth and described in full in the assignment.

HISTORY: 1962 Code Section 70-295.111; 1971 (57) 915; 1989 Act No. 190, Section 8; 1993 Act No. 181, Section 1270; 2008 Act No. 344, Section 12, eff six months after approval (approved June 11, 2008).

Effect of Amendment

The 2008 amendment substituted "statement of origin" for "certificate" throughout; in subsection (a), deleted "purchase or" preceding "acquire"; in subsection (b), deleted "for purposes of display and resale" preceding "without delivering"; and rewrote paragraph (c)(1).