11.__New ownership.__If there is a change of ownership of a motorboat for which a certificate of number has previously been issued under this chapter, the new owner shall apply for a new certificate of number and set forth the original boat number in the application.__The new owner shall pay the regular fee for the particular motorboat involved and is not entitled to the special transfer fee set forth in subsection 10.

A.__After September 30th, a person may pay 125% of the original watercraft registration fee as listed in subsection 8, paragraph F and receive a registration covering the remainder of the calendar year plus one additional year.

12.__Restrictions.__The following provisions must be observed.

A.__The operator shall have the certificate of number available for inspection on the motorboat for which it was issued whenever the motorboat is in operation.

B.__The identification number and validation stickers assigned by the commissioner and authorized by this chapter must be displayed on each side of the bow of the boat in the following manner:

(1)__The identification numbers must be painted or permanently attached to the bow and be of a color that is in contrast to the color of the background so as to provide the highest degree of visibility, i.e., dark numbers on a light background or vice versa, and be plainly visible;

(2)__The identification number must be displayed in 3 parts. The prefix, which is the initial letters ME, designating the State of Maine, must be separated by a hyphen or space equal to the width of a letter, other than the letter "I," from the numerals that follow it. The suffix, which consists of the ending letter or letters which appear after the numerals, must be likewise separated from the numerals;