29.1-717.3 - Transfer of title when no qualification on estate. - Virginia Statutes

§ 29.1-717.3. Transfer of title when no qualification on estate.

If the holder of a certificate of title is dead and there has been noqualification on his estate, a transfer may be made by a legatee ordistributee if there is presented to the Department a statement made by thelegatee or distributee to the effect that there has not been and there is notexpected to be a qualification on the estate and that the decedent's debtshave been paid or that the proceeds from the sale of the watercraft will beapplied against his debts. The statement shall contain the name, residenceat the time of death, and date of death of the decedent, and the names of anyother persons having an interest in the watercraft for which the title issought to be transferred. If these persons are of legal age, they shallsignify in writing their consent to the transfer of the title.

(1993, c. 675.)