(1) The secretary of state may issue to the owner of an historic vehicle an historic vehicle registration plate which shall bear the inscription “historical vehicle – Michigan” and the registration number.

    (2) The owner of an historic vehicle applying for an historic vehicle registration plate or a registration tab under this section shall pay a fee of $30.00, shall certify that the vehicle for which the registration is requested is owned and operated solely as an historic vehicle, and shall certify that the vehicle has been inspected and found safe to operate on the highways of this state. The registration certificate need not specify the weight of the historic vehicle. The registration issued under this section is transferable to another historic vehicle upon completion of the application for transfer and payment of the fee in the manner described in section 809.

    (3) A registration issued under this section shall expire on April 15 in the tenth year following the date of issuance of the registration.

    (4) The secretary of state may revoke a registration issued under this section, for cause shown and after a hearing, for failure of the applicant to comply with this section, for use of the vehicle for which the registration was issued for purposes other than those enumerated in section 20a, or because the vehicle is not safe to operate on the highways of this state.