Rhode Island General Laws 46-22.1-8. Transfer or repossession of vessel by operation of law
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If ownership of a vessel is transferred by operation of law, such as by inheritance, order in bankruptcy, insolvency, replevin, or execution sale, the transferee, within thirty (30) days after he or she has acquired the right to possession of the vessel by operation of law, shall mail or deliver to the department satisfactory proof of his or her ownership as the department requires together with an application for a new or transfer certificate of title, and the required fee.
History of Section.
P.L. 1988, ch. 555, § 1.
Terms Used In Rhode Island General Laws 46-22.1-8
- Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.