29.1-719 - Acquisition of watercraft by dealer.
§ 29.1-719. Acquisition of watercraft by dealer.
Any registered dealer who acquires a watercraft for resale shall be exemptfrom the titling requirement in this chapter.
Any dealer transferring a watercraft required to be titled under this chaptershall assign the title to the new owner or, in the case of a new watercraft,assign the certificate of origin. The dealer shall forward all fees andapplications to the Department within fifteen days of sale.
(1981, c. 405, § 62.1-186.8; 1987, c. 488.)