321I.33 - TRANSFER OR REPOSSESSION BY OPERATION OF LAW.

        321I.33  TRANSFER OR REPOSSESSION BY OPERATION OF      LAW.         1.  If ownership of an all-terrain vehicle is transferred by      operation of law, such as by inheritance, order in bankruptcy,      insolvency, replevin, or execution sale, the transferee, within      thirty days after acquiring the right to possession of the      all-terrain vehicle, shall mail or deliver to the county recorder      satisfactory proof of ownership as the county recorder requires,      together with an application for a new certificate of title, and the      required fee.         2.  If a lienholder repossesses an all-terrain vehicle by      operation of law and holds it for resale, the lienholder shall secure      a new certificate of title and shall pay the required fee.  
         Section History: Recent Form
         2004 Acts, ch 1132, §76