| | | (1)__The transfer of all or any part of the owner's | | interest, other than the creation of a security | | interest, in the watercraft covered by the certificate; |
|
| | | (2)__The permanent removal of the watercraft from the | | State; |
|
| | | (3)__The destruction or abandonment of the watercraft; |
|
| | | (4)__The theft or recovery of the watercraft; or |
|
| | | (5)__Any change in the owner's address. |
|
| | | E.__Upon sale or transfer of ownership of a registered | | watercraft, the owner or dealer shall remove and destroy any | | validation stickers on the craft. |
|
| | | F.__The person whose name appears on the certificate of | | number as the owner of a watercraft shall remove the number | | and validation stickers from the craft when: |
|
| | | (1)__The watercraft is documented; |
|
| | | (2)__The watercraft is no longer used principally in the | | State; |
|
| | | (3)__The application for a certificate of number contains | | false or fraudulent statements or information; or |
|
| | | (4)__The fees for issuance of a certificate of number are | | not paid. |
|
| | | 13.__Termination of certificate of number.__Under any of the | | following conditions, the certificate of number issued by the | | commissioner is terminated or invalidated: |
|
| | | A.__Transfer of the watercraft; |
|
| | | B.__Documentation of the watercraft; |
|
| | | C.__Change in state of principal use of the watercraft; |
|
| | | D.__Permanent removal of the watercraft from the State; |
|
| | | E.__Abandonment or destruction of the watercraft; |
|
| | | F.__False or fraudulent information on the application for | | the certificate of number; |
|
|