Nevada Revised Statutes 488.1805 – Interest of registered owner not affected by assignment by legal owner
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A legal owner may assign his or her title or interest in or to any power-driven vessel numbered under this chapter to a person other than the registered owner without the consent of and without affecting the interest of the registered owner.
Terms Used In Nevada Revised Statutes 488.1805
- 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
- Person: has the meaning ascribed to it in 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
- Registered owner: means the person registered by the Department as the owner of a vessel. See Nevada Revised Statutes 488.035