CHAPTER 336

FORMERLY

HOUSE BILL NO. 600

AN ACT TO AMEND CHAPTER 25, TITLE 21, DELAWARE CODE, RELATING TO VEHICLE DEALER REASSIGNMENT FORMS.

Be it enacted by the General Assembly of the State of Delaware:

Section 1. Amend §2504, Chapter 25, Title 21, Delaware Code, by designating the existing paragraph as subsection (a) and adding new subsections (b) and (c) to read as follows:

"(b) If ownership of a vehicle held by a registered dealer for sale is transferred, the transferring dealer, without applying for a new certificate of title, may execute an assignment of title to the transferee on a Dealer's Reassignment Form, prescribed by the Department. Such assignment shall include a statement certifying all liens and encumbrances on the vehicle.

Every dealer, upon transferring a vehicle, shall immediately give a written notice of such transfer to the Department upon the official form provided by the Department.

(d) Dealer Reassignment Forms may be issued to a qualified dealer upon application for not less than 10 such forms and payment of a fee of $2 for each form."

Approved March 31, 1976