Missouri Laws 306.405 – Certificates of title, delivery of, how, to whom — lienholder may elect to ..
1. All certificates of title of an outboard motor, motorboat, vessel, or watercraft issued by the director of revenue shall be mailed to the owner named therein. If the certificate of ownership is being held electronically by the director of revenue at the election of a lienholder, then confirmation of such ownership shall be electronically transmitted or mailed to the first lienholder named in such certificate.
2. A lienholder may elect to have the director of revenue retain possession of an electronic certificate of title and the director shall issue regulations to govern the procedure for making such an election. Each such certificate of title shall require a separate election unless the director provides otherwise by regulation. A subordinate lienholder shall be bound by the election of the superior lienholder with respect to the certificate involved.
Terms Used In Missouri Laws 306.405
- Motorboat: any vessel propelled by machinery, whether or not such machinery is a principal source of propulsion. See Missouri Laws 306.010
- Owner: a person other than a lienholder, having the property in or title to a motorboat. See Missouri Laws 306.010
- Vessel: every motorboat and every description of motorized watercraft, and any watercraft more than twelve feet in length which is powered by sail alone or by a combination of sail and machinery, used or capable of being used as a means of transportation on water, but not any watercraft having as the only means of propulsion a paddle or oars. See Missouri Laws 306.010
- Watercraft: any boat or craft, including a vessel, used or capable of being used as a means of transport on waters. See Missouri Laws 306.010
3. “Electronic certificate of title” means any electronic record of ownership, including liens that may be recorded.