legal owner may assign his title or interest in or to a vessel registered under this Chapter to a person other than the owner without the consent and without affecting interest of such owner. Upon receiving a certificate of ownership endorsed by the legal owner and the transfer of legal ownership, the Guam Police Department shall accordingly transfer the legal ownership and shall issue a new certificate of ownership to the new legal owner.
SOURCE: GC § 8995.9, as added by P.L. 15-54.