Nevada Revised Statutes 488.1801 – Owner of power-driven vessel to notify Department of sale or transfer of title or interest; exception; information to be furnished
Except for transfers to a beneficiary pursuant to the provisions of NRS 488.1794, any owner of any power-driven vessel numbered under this chapter who sells or transfers his or her title or any interest in the power-driven vessel shall within 10 days notify the Department of the sale or transfer and furnish the following information:
Terms Used In Nevada Revised Statutes 488.1801
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Department: means the Department of Wildlife. See Nevada Revised Statutes 488.035
- Legal owner: means a secured party under a security agreement relating to a vessel or a renter or lessor of a vessel to the State or any political subdivision of the State under a lease or an agreement to lease and sell or to rent and purchase which grants possession of the vessel to the lessee for a period of 30 consecutive days or more. See Nevada Revised Statutes 488.035
- Owner: means :
(a) A person having all the incidents of ownership, including the legal title of a vessel, whether or not he or she lends, rents or pledges the vessel;
(b) A debtor under a security agreement relating to a vessel; or
(c) A person, other than a secured party, who has a property right with regard to a human-powered vessel, including, without limitation, a person entitled to use or possess a human-powered vessel subject to a security interest of another person. See Nevada Revised Statutes 488.035
- Power-driven vessel: means any vessel propelled by machinery, whether or not the machinery is the principal source of propulsion. See Nevada Revised Statutes 488.035
- Vessel: means every description of watercraft, other than a seaplane on the water, used or capable of being used as a means of transportation on water. See Nevada Revised Statutes 488.035
1. The name and address of the legal owner and transferee; and
2. Such description of the power-driven vessel as may be required by the Department.