If ownership of a vessel is transferred by operation of law, such as by inheritance, order in bankruptcy, insolvency, replevin, or execution sale, the transferee, within thirty (30) days after he or she has acquired the right to possession of the vessel by operation of law, shall mail or deliver to the department satisfactory proof of his or her ownership as the department requires together with an application for a new or transfer certificate of title, and the required fee.
History of Section.
P.L. 1988, ch. 555, § 1.