Natural Resources – Vessel Transfers – Transfer–on–Death Beneficiary Designation
Sponsor: Chair, Environment and Transportation CommitteeCommittee: Environment and TransportationSubject: Natural Resources - GenerallyStatus: Unfavorable Report by Environment and Transportation; Withdrawn (as of Sep 4, 2026)
What this bill does
Official synopsis
Authorizing an individual who is the sole owner of a certain vessel to apply to the Department of Natural Resources to designate a beneficiary to take ownership of the vessel on the death of the owner; requiring a designated beneficiary who survives the owner of a vessel to apply to the Department for a new certificate of title for the vessel; and requiring an application for a certificate of title for a vessel to contain certain information.
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