Michigan Laws 324.80305 – Acquisition of watercraft from owner; certificate of title or manufacturer’s or importer’s certificate required; waiver or estoppel; judicial recognition of right, title, claim, or interest
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 324.80305
- Person: means an individual, partnership, corporation, association, governmental entity, or other legal entity. See Michigan Laws 324.301
- Pleadings: Written statements of the parties in a civil case of their positions. In the federal courts, the principal pleadings are the complaint and the answer.
- Watercraft: means a contrivance used or designed for navigation on water, including a vessel, boat, motor vessel, steam vessel, vessel operated by machinery either permanently or temporarily affixed, scow, tugboat, or any marine equipment that is capable of carrying passengers, except a ferry. See Michigan Laws 324.80301
(1) Subject to section 80320(4), a person acquiring a watercraft from the owner of the watercraft, whether the owner is a manufacturer, importer, dealer, or otherwise, shall not acquire any right, title, claim, or interest in or to the watercraft until that person has issued to him or her a certificate of title to the watercraft, or delivered a manufacturer’s or importer’s certificate for the watercraft. A waiver or estoppel shall not operate in favor of that person against a person having possession of the certificate of title, or manufacturer’s or importer’s certificate for the watercraft, for a valuable consideration.
(2) A court shall not recognize the right, title, claim, or interest of a person in or to a watercraft sold or disposed of, or mortgaged or encumbered, unless the right, title, claim, or interest is 1 of the following:
(a) Subject to section 80320(4), evidenced by a certificate of title or a manufacturer’s or importer’s certificate issued pursuant to this part.
(b) Evidenced by admission in the pleadings or stipulation of the parties.