59-21-15 - Certified statement of ownership as evidence of ownership; effect of liens as to determination of ownership; application for number by person obtaining title through default in terms of lie
§ 59-21-15. Certified statement of ownership as evidence of ownership; effect of liens as to determination of ownership; application for number by person obtaining title through default in terms of lien instrument.
The certified statement of ownership on the application for the award of a number shall constitute prima facie evidence of proof of ownership. Liens of all kinds, including reservations or transfers of title to secure debts or claims, will be disregarded in determining ownership under this chapter. A lienholder who acquires possession and title by virtue of default in the terms of the lien instrument, or any other person who acquires ownership through any such action of a lienholder, may apply for a number and shall attach to such application a signed statement explaining the facts in detail.
Sources: Codes, 1942, § 8496-09; Laws, 1960, ch. 165, § 9, eff from and after passage (approved April 14, 1960).