Section 261:66 Transfer of Ownership.
I. Upon the transfer of ownership of any vehicle, its registration shall expire. The person in whose name such vehicle is registered shall retain the expired certificate of registration in order to obtain transfer credit, if applicable. The decease of the owner shall not terminate such registration unless there is an actual transfer of ownership.
II. A person who so transfers or loses a registered vehicle, upon filing a new application, may have registered in his name a like vehicle for the remainder of the registration period. If the registration fee of said vehicle is the same or less than that of the one first registered by him, he shall pay no additional fee, but if the fee is greater, he shall pay the difference.
III. If the owner of any vehicle desires to transfer a vehicle registration from one vehicle to another without transferring the ownership of the original vehicle, this may be accomplished by filing a new application with the department stating that the transfer does not involve a change of ownership of the original vehicle; provided, however, if the registration fee is the same or less than that of the first vehicle registered by him, he shall pay no additional fee, but if the fee is greater he shall pay the difference, and further provided, that once the original registration has been transferred to another vehicle, it shall not be again transferred back to the original vehicle. The original vehicle shall require a new registration.
IV. Any person who owns a vehicle shall be entitled to transfer the vehicle registration on that vehicle to a leased vehicle and any person who leases a vehicle shall be entitled to transfer the vehicle registration on that vehicle to an owned or leased vehicle and shall be given the same credit for this transfer as for any transfer of ownership provided under paragraphs I-III of this section. The registration shall be processed to expire according to the formula set forth in RSA 261:62. If the transfer extends the expiration of the existing registration, pro-rated fees shall be charged for the additional months in the new registration period. If the transfer shortens the registration period from the existing registration period, no refund shall be issued. Any person who obtains a vehicle transfer pursuant to this paragraph shall be subject to the vehicle transfer fee.
Source. 1905, 86:2. 1911, 133:2. 1917, 229:2. 1921, 119:2. PL 100:7, 8. 1939, 132:2, 3. RL 116:13, 14. RSA 260:19, 20. 1975, 497:5. 1981, 146:1. 1986, 161:1. 1992, 25:1. 2003, 48:1, eff. July 8, 2003.