39:10-32 - Vehicle reported stolen or damaged; surrender of certificate of ownership; issuance of salvage certificate of title - New Jersey Statutes

39:10-32.  Vehicle reported stolen or damaged;  surrender of certificate of  ownership;  issuance of salvage certificate of title
    a.  If a motor vehicle has either been reported as being stolen or suffered  sufficient damage to render it economically impractical to repair, the person  in possession of the certificate of ownership for the vehicle shall surrender  the certificate of ownership to the director along with a statement setting  forth how the person acquired the certificate of ownership.

    b.  The director, after determining ownership, shall issue a salvage certificate of title to a person who surrenders a certificate of ownership pursuant to subsection a. of this section.

     L.1983, c. 323, s. 2.