41-1a-702 - Endorsement of assignment and warranty of title -- Co-owners. - Utah Statutes

41-1a-702. Endorsement of assignment and warranty of title -- Co-owners.
(1) (a) To transfer a vehicle, vessel, or outboard motor the owner shall endorse thecertificate of title issued for the vehicle, vessel, or outboard motor in the space for assignment andwarranty of title.
(b) The endorsement and assignment shall include a statement of all liens orencumbrances on the vehicle, vessel, or outboard motor.
(2) (a) If a title certificate reflects the names of two or more people as co-owners in thealternative by use of the word "or" or "and/or," each co-owner is considered to have granted theother co-owners the absolute right to endorse and deliver title and to dispose of the vehicle,vessel, or outboard motor.
(b) If the title certificate reflects the names of two or more people as co-owners in theconjunctive by use of the word "and," or the title does not reflect any alternative or conjunctiveword, the endorsement of each co-owner is required to transfer title to the vehicle, vessel, oroutboard motor.
(3) The owner shall deliver the certificate of title containing the odometer disclosurestatement required under Section 41-1a-902 and the certificate of registration to the purchaser ortransferee at the time of, or within 48 hours after delivering the vehicle, vessel, or outboard motor,as applicable, except as provided for under Sections 41-3-301, 41-1a-519, and 41-1a-709.

Amended by Chapter 221, 1993 General Session