306.015. Vessels, registration, procedure, fee--delinquent application, penalty fee--failure to obtain certificate of title, effect of.

MISSOURI STATUTES AND CODES

306.015. Vessels, registration, procedure, fee--delinquent application, penalty fee--failure to obtain certificate of title, effect of.

Vessels, registration, procedure, fee--delinquent application, penaltyfee--failure to obtain certificate of title, effect of.

306.015. 1. The owner of a vessel kept within this state shall causeit to be registered in the office of the director of revenue who shallissue a certificate of title for the same.

2. The owner of any vessel acquired or brought into the state shallfile his application for title within sixty days after it is acquired orbrought into this state. The director of revenue may grant extensions oftime for titling to any person in deserving cases.

3. The fee for the certificate of title shall be seven dollars fiftycents and shall be paid to the director of revenue at the time of makingapplication. If application for certificate of title is not made withinsixty days after the vessel is acquired or brought into the state, adelinquency penalty fee of ten dollars for each thirty days of delinquency,not to exceed a total of thirty dollars, shall be imposed. If the directorof revenue learns that any person has failed to make application forcertificate of title within sixty days after acquiring or bringing into thestate a vessel or has sold a vessel without obtaining a certificate oftitle, he shall cancel the registration of all motorboats, vessels, andwatercraft registered in the name of the person, either as sole owner or asco-owner, and shall notify the person that the cancellation will remain inforce until the person pays the delinquency penalty fee provided in thissection together with all fees, charges, and payments which he should havepaid in connection with the certificate of title of the vessel.

4. In the event of a sale or transfer of ownership of a vessel oroutboard motor for which a certificate of ownership or manufacturer'sstatement of origin has been issued, the holder of such certificate shallendorse on the same an assignment thereof, with warranty of title in formprinted thereon, and prescribed by the director of revenue, with astatement of all liens or encumbrances on such vessel or outboard motor,and deliver the same to the buyer at the time of delivery to the buyer ofsuch vessel or outboard motor; provided that, when the transfer of a vesselor outboard motor occurs within a corporation which holds a license tooperate as a motor vehicle or boat dealer under sections 301.550 to301.573, RSMo, and this section, the provisions of subdivision (3) ofsubsection 6 of section 144.070, RSMo, shall not apply.