Vessels - Certificate of Title - Transfer-on-Death Beneficiary Designation
What this bill does
Authorizing a sole owner of a vessel to designate a beneficiary to take ownership of the vessel on the death of the owner; providing that a beneficiary may be indicated on a certificate of title for a vessel by the words 'transfer-on-death' or 'TOD' after the name of the registered owner; providing that designating a beneficiary does not affect ownership of a vessel until the death of the owner; authorizing the owner of a vessel to cancel or change the designation of a beneficiary without the consent of the beneficiary; etc.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.