301.610. Certificate of ownership, delivery to whom, when--electronic certificate of ownership, defined, maintained by director, when.
Certificate of ownership, delivery to whom, when--electroniccertificate of ownership, defined, maintained by director, when.
301.610. 1. A certificate of ownership of a motor vehicle or trailerwhen issued by the director of revenue shall be mailed to the owner shownon the face of the title of such motor vehicle or trailer. If thecertificate of ownership is being held electronically by the director ofrevenue at the election of a lienholder, then confirmation of suchownership shall be electronically transmitted or mailed to the firstlienholder named in such certificate.
2. A lienholder may elect that the director of revenue retainpossession of an electronic certificate of ownership, and the directorshall issue regulations to cover the procedure by which such election ismade. Each such certificate of ownership shall require a separateelection, unless the director provides otherwise by regulation. Asubordinate lienholder shall be bound by the election of the superiorlienholder with respect to the certificate involved.
3. "Electronic certificate of ownership" means any electronic recordof ownership, including a lien or liens that may be recorded.
(L. 1965 p. 474 § 2, A.L. 1990 H.B. 1279, A.L. 1992 H.B. 884, A.L. 1999 H.B. 795, A.L. 2002 H.B. 2008 merged with S.B. 895)Effective 8-28-02 (H.B. 2008)
7-01-03 (S.B. 895)