Sec. 12. (a) A person that owns a watercraft that is registered under this chapter may apply to the bureau to change the ownership of the watercraft:

(1) by adding at least one (1) other person as a joint owner; or

(2) if the person is a joint owner of the watercraft, by transferring the person’s ownership interest in the watercraft to at least one (1) remaining joint owner.

     (b) The bureau shall issue an amended certificate of registration to a person that applies under subsection (a) after the person does the following:

(1) Complies with IC 9-17.

(2) Pays the fee of nine dollars and fifty cents ($9.50).

     (c) A person may apply to the bureau to amend any obsolete or incorrect information contained in the certificate of registration issued with respect to the watercraft. The bureau shall issue an amended certificate of registration after the person pays a fee of nine dollars and fifty cents ($9.50).

     (d) The bureau may not impose or collect a fee for a duplicate, amended, or replacement certificate of registration that is issued as a result of an error on the part of the bureau.

     (e) A fee described in subsection (b)(2) or (c) shall be distributed as follows:

(1) Twenty-five cents ($0.25) to the state construction fund.

(2) Fifty cents ($0.50) to the state motor vehicle technology fund.

(3) One dollar ($1) to the crossroads 2000 fund.

(4) One dollar and fifty cents ($1.50) to the motor vehicle highway account.

(5) One dollar and twenty-five cents ($1.25) to the integrated public safety communications fund.

(6) Five dollars ($5) to the commission fund.

As added by P.L.164-2020, SEC.38.