63-21-37 - Issuance of new certificate of title; disposition of surrendered certificates.
§ 63-21-37. Issuance of new certificate of title; disposition of surrendered certificates.
The State Tax Commission, upon receipt of a properly assigned certificate of title, with an application for a new certificate of title, the required fee and any other documents required by the commission, shall issue a new certificate of title in the name of the transferee as owner and mail it to the first lienholder named in it or, if none, to the owner.
The commission, upon receipt of an application for a new certificate of title by a transferee other than by voluntary transfer, with proof of the transfer, the required fee and any other documents required by law, shall issue a new certificate of title in the name of the transferee as owner. If the outstanding certificate of title is not delivered to the commission, the commission shall make demand therefor from the holder thereof.
The commission shall file every surrendered certificate of title, or a microfilm of every such certificate, for a period of time deemed necessary by it in order to permit the tracing of title of the vehicle, manufactured home or mobile home designated therein.
Sources: Codes, 1942, § 8125-38; Laws, 1968, ch. 531, § 18; Laws, 1999, ch. 556, § 19, eff from and after July 1, 1999.