Legislation

Title: Vessels - Certificate of Title - Transfer-on-Death Beneficiary Designation
Sponsored by: Senator Lee
Status: In the Senate - First Reading Senate Rules
Analysis: Fiscal and Policy Note

Synopsis

Authorizing a sole owner of a vessel to designate a beneficiary to take ownership of the vessel on the death of the owner; providing that a beneficiary may be indicated on a certificate of title for a vessel by the words "transfer-on-death" or "TOD" after the name of the registered owner; providing that designating a beneficiary does not affect ownership of a vessel until the death of the owner; authorizing the owner of a vessel to cancel or change the designation of a beneficiary without the consent of the beneficiary; etc.

Committees

Original:: Rules

Details

Cross-filed with: HB0055

Bill File Type: Regular

Effective Date(s): October 1, 2020

History

Legislation History
Chamber Senate Calendar Date 2/06/2020 Legislative Date 2/06/2020 Action First Reading Senate Rules Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Vessels - Certificate of Title - Transfer-on-Death Beneficiary Designation Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/06/2020	2/06/2020	First Reading Senate Rules
			Text - First - Vessels - Certificate of Title - Transfer-on-Death Beneficiary Designation

File Code

Subjects

Statutes