When an insurance company authorized to do business in Nebraska acquires a motorboat
which has been properly titled and registered in a state other than Nebraska through
payment of a total loss settlement on account of theft and the motorboat has not become
unusable for transportation through damage and has not sustained any malfunction beyond
reasonable maintenance and repair, the company shall obtain the certificate of title
from the owner and may make application for a nontransferable certificate of title
by surrendering the certificate of title to the county treasurer. A nontransferable certificate of title shall be issued in the same manner and for
the same fee as provided for a certificate of title in sections 37-1275 to 37-1287 and shall be on a form prescribed by the Department of Motor Vehicles.
A motorboat which has a nontransferable certificate of title shall not be sold or
otherwise transferred or disposed of without first obtaining a certificate of title
under sections 37-1275 to 37-1287.
When a nontransferable certificate of title is surrendered for a certificate of title,
the application shall be accompanied by a statement from the insurance company stating
that to the best of its knowledge the motorboat has not become unusable for transportation
through damage and has not sustained any malfunction beyond reasonable maintenance
and repair. The statement shall not constitute or imply a warranty of condition to any subsequent
purchaser or operator of the motorboat.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Response sent, thank you
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.