(1) Notwithstanding any other provision of law, an ocean scallop vessel permit issued pursuant to ORS § 508.840 to 508.867 may not be transferred to another vessel:

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(a) Until the vessel for which the permit was issued has been used in the ocean scallop fishery for three or more calendar years to land at least 5,000 pounds of food fish annually.

(b) More than once in any 12-month period. However, the Commercial Fishery Permit Board may waive the waiting period if the board finds that strict adherence to the waiting period would create undue hardship for the individual seeking transfer of the permit.

(c) That is more than five feet longer than the vessel from which the permit is transferred.

(2) A fee of $100 shall be charged for each transfer of a vessel permit under this section. [1981 c.365 § 33; 1995 c.602 § 20; 2009 c.832 § 37]