Upon transfer of the title or any interest of the registered owner of any motorboat numbered under this chapter, the registered owner shall write his or her signature and address and the transferee shall write his or her signature and address in the appropriate spaces provided on the reverse side of the certificate of ownership for such motorboat, and the legal owner shall write his or her signature in the space provided for the new legal owner indicating that he or she is to retain legal title and interest.

Terms Used In Nevada Revised Statutes 488.181

  • Legal owner: means a secured party under a security agreement relating to a vessel or a renter or lessor of a vessel to the State or any political subdivision of the State under a lease or an agreement to lease and sell or to rent and purchase which grants possession of the vessel to the lessee for a period of 30 consecutive days or more. See Nevada Revised Statutes 488.035
  • Motorboat: means any vessel propelled by machinery, whether or not the machinery is the principal source of propulsion. See Nevada Revised Statutes 488.035
  • Owner: means :

    (a) A person having all the incidents of ownership, including the legal title of a vessel, whether or not he or she lends, rents or pledges the vessel; and

    (b) A debtor under a security agreement relating to a vessel. See Nevada Revised Statutes 488.035

  • Registered owner: means the person registered by the Commission as the owner of a vessel. See Nevada Revised Statutes 488.035
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