Upon transfer of the title or any interest of the registered owner of any power-driven vessel numbered under this chapter, the registered owner shall write his or her signature and address and the transferee shall write his or her signature and address in the appropriate spaces provided on the reverse side of the certificate of ownership for such power-driven vessel, and the legal owner shall write his or her signature in the space provided for the new legal owner indicating that he or she is to retain legal title and interest.
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