1. Before the issuance of any certificate of ownership, the Department shall obtain a statement in writing signed by the transferee or transferor, showing: (a) The date of the sale or other transfer of ownership of the power-driven vessel. (b) The name and address of the seller or transferor. (c) The name and address of the buyer or transferee. 2. Upon receipt of: (a) The properly endorsed certificate of ownership; (b) The certificate of number and the required fee; (c) The statement of information; and (d) Proof that the applicable taxes have been paid, the Department shall issue a new certificate of ownership and a new certificate of number to the transferee. The previous number may be reassigned to the transferee.
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