NRS 488.1794
Certificate of ownership in beneficiary form: Application

  • issuance to tenant in common prohibited
  • contents
  • effect
  • revocation
  • encumbrances
  • duties of Department
  • transfer upon death not testamentary.

1.

The owner or joint owners of a motorboat may request the Department to issue a certificate of ownership in beneficiary form for the motorboat which includes a directive to the Department to transfer the certificate of ownership upon the death of the owner or upon the death of all joint owners to a beneficiary named on the face of the certificate of ownership.

2.

A request made pursuant to subsection 1 must be submitted on an application made available by the Department and accompanied by the fee for the issuance of a certificate of ownership.

3.

A certificate of ownership in beneficiary form may not be issued to a person who holds an interest in a motorboat as a tenant in common with another person.

4.

A certificate of ownership in beneficiary form must include after the name of the owner, or after the names of joint owners, the words “transfer on death to” or the abbreviation “TOD” followed by the name of the beneficiary.

5.

During the lifetime of a sole owner or before the death of the last surviving joint owner:

(a)

The signature or consent of the beneficiary is not required for any transaction relating to a motorboat for which a certificate of ownership in beneficiary form has been issued; and

(b)

The certificate of ownership in beneficiary form may be revoked or the beneficiary changed at any time by:

(1)

Sale of the motorboat with proper assignment and delivery of the certificate of ownership to another person; or

(2)

Filing an application with, and paying a fee to, the Department to reissue the certificate of ownership with no designation of a beneficiary or with the designation of a different beneficiary.

6.

The interest of the beneficiary in a motorboat on the death of the sole owner or on the death of the last surviving joint owner is subject to any contract of sale, assignment or ownership or security interest to which the owner or owners of the motorboat were subject during their lifetime.

7.

Except as otherwise provided in paragraph (b) of subsection 5, the designation of a beneficiary in a certificate of ownership in beneficiary form may not be changed or revoked by will, any other instrument or a change in circumstances, or otherwise changed or revoked.

8.

The Department shall, upon:

(a)

Proof of death of one of the owners, of two or more joint owners or of a sole owner;

(b)

Surrender of the outstanding certificate of ownership in beneficiary form; and

(c)

Application and payment of the fee for a certificate of ownership,
Ê issue a new certificate of ownership for the motorboat to the surviving owner or owners or, if none, to the beneficiary, subject to any security interest.

9.

For the purposes of complying with the provisions of subsection 8, the Department may rely on a death certificate, record or report that constitutes prima facie evidence of death.

10.

The transfer on death of a motorboat pursuant to this section is not considered as testamentary and is not subject to administration pursuant to the provisions of title 12 of NRS.

11.

As used in this section:

(a)

“Beneficiary” means a person or persons designated to become the owner or owners of a motorboat on the death of the preceding owner or owners.

(b)

“Certificate of ownership in beneficiary form” means a certificate of ownership of a motorboat that indicates the present owner or owners of the motorboat and designates a beneficiary.

Source: Section 488.1794 — Certificate of ownership in beneficiary form: Application; issuance to tenant in common prohibited; contents; effect; revocation; encumbrances; duties of Department; transfer upon death not testamentary., https://www.­leg.­state.­nv.­us/NRS/NRS-488.­html#NRS488Sec1794.

488.065
Operation of unnumbered or uncertified motorboat prohibited.
488.075
Number, certificate of number and certificate of ownership: Application
488.078
Department to submit certain information to Division of Welfare and Supportive Services.
488.085
Recordation in this State of number previously awarded pursuant to federally approved numbering system of another state.
488.105
Conformity of state numbering system with federal system.
488.115
Awarding of certificates of number
488.125
Certificates of number effective for 1 year
488.135
Department to fix date on which certificates of number expire.
488.145
Destruction or abandonment of motorboat: Owner to furnish notice to Department
488.155
Change of address of holder of certificate of number or ownership: Holder to notify Department and furnish new address
488.165
Display of unauthorized number or decal prohibited.
488.169
Hull numbers: Process for issuance and verification must comply with United States Coast Guard requirements
488.171
Hull numbers: Prohibited acts
488.175
Exemption from requirements for numbering and titling
488.181
Endorsement of certificate on transfer by registered owner.
488.182
Transfer of ownership not required on pledge of security interest.
488.1793
Requirements for transfer of ownership or interest in certain motorboats
488.1794
Certificate of ownership in beneficiary form: Application
488.1795
Transferee to file certificates, pay fee and apply for new certificates.
488.1797
Requirements for issuance of certificate of ownership.
488.1801
Owner of motorboat to notify Department of sale or transfer of title or interest
488.1803
Dealer’s report of sale, lease or other transfer
488.1805
Interest of registered owner not affected by assignment by legal owner.
488.1807
Endorsement of certificate upon transfer of title or interest of legal owner
488.1813
Issuance of duplicate certificate on loss, destruction or mutilation of original.
488.1815
Failure to endorse or deliver certificate to transferee unlawful.
488.1817
New certificate not required on substitution of security interest between same parties
488.1823
Procedure for perfection of security interest.
488.1825
Method prescribed for perfecting security interest is exclusive.
488.1826
Suspension of certificate of number or validation decal for failure to pay child support or comply with certain subpoenas or warrants
488.1827
Suspension or revocation of certificate or number if fraudulently obtained or fee was unpaid.
Last Updated

Jun. 24, 2021

§ 488.1794’s source at nv​.us