Mich. Admin. Code R. 281.2207 - Application for title; dealer transferees
Rule 7.
(1) If a
watercraft is currently titled and is transferred to a dealer who holds it for
resale, the dealer shall obtain and retain in dealership records an assigned
certificate of title from the transferor. The dealer need not apply for a
certificate of title in the dealer's name, but upon transfer of the watercraft,
shall reassign the existing certificate of title and make application for a new
title in the transferee's name as provided in section 6 of the act.
(2) If a watercraft is not currently titled
and is transferred to a dealer who holds it for resale, the dealer shall, upon
transfer of the watercraft, apply for a certificate of title to the watercraft
in the transferee's name as provided in section 6 of the act.
Notes
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