SB327 HFLR Page 1 BOLD FACE denotes Committee Amendments. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 HOUSE OF REPRESENTATIVES - FLOOR VERSION STATE OF OKLAHOMA 1st Session of the 59th Legislature (2023) ENGROSSED SENATE BILL NO. 327 By: Stanley of the Senate and Manger of the House An Act relating to boats; amending 47 O.S. 2 021, Section 1107.5, as amended by Section 119, Chapter 282, O.S.L. 2022 (47 O.S. Supp. 2022, Section 1107.5), which relates to transfer of title in transfer-on-death form; modifying inclu sions; and providing an effective date. BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: SECTION 1. AMENDATORY 47 O.S. 2021, Section 1107 .5, as amended by Section 119, Chapter 282, O.S.L. 2022 (47 O.S. Supp. 2022, Section 1107.5), is amended to read as follows: Section 1107.5. A. The title of a motor vehicle or boat or motor that is not subject to any lien or other encumbrance may be transferred in transfer-on-death form by filing with Service Oklahoma a written notice of transfer signed by the transferor and designating the transferee. Such notice shall transfer ownership o f the vehicle or boat or motor to the transferee upon the death of the transferor. The notice shall include: SB327 HFLR Page 2 BOLD FACE denotes Committee Amendments. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 1. The vehicle identification number of the vehicle or hull identification number of the boat; 2. The number of the license plate issued to the vehicle, if any; 3. The full name and address of the transferor; 4. The full name and address of the transferee; and 5. The signature of the transferor. The signature or consent of or notice to the transferee shall not be required for any purpose during the lifetime of the transferor. B. A designation of the transferee may be revoked or changed at any time prior to the death of the transferor by filing an amended notice with Service Oklahoma. C. To accept a certificate of title of a motor vehicle or boat or motor pursuant to notice filed under subsection A of this act, the designated transferee shall execute an affidavit verifying the death of the transferor owner and submit to Service Oklahoma. After the date of the transfer of the vehicle or boat or motor as evidenced by the submitted affidavit and the records of Service Oklahoma, Service Oklahoma shall issue a title reflecting the transfer of ownership. SECTION 2. This act shall become effective November 1, 2023. COMMITTEE REPORT BY: COMMITTEE ON PUBLIC SAFETY, dated 04/11/2023 - DO PASS.