Section 9852.5 Of Chapter 2. Registration From California Vehicle Code >> Division 3.5. >> Chapter 2.
9852.5
. Ownership of an undocumented vessel subject to registration
may be held by two or more coowners as follows:
(a) A vessel may be registered in the names of two or more persons
as coowners in the alternative by the use of the word "or." A vessel
so registered in the alternative shall be deemed to be held in joint
tenancy. Each coowner shall be deemed to have granted to the other
coowners the absolute right to dispose of the title and interest in
the vessel. Upon the death of a coowner the interest of the decedent
shall pass to the survivor as though title or interest in the vessel
was held in joint tenancy unless a contrary intention is set forth in
writing upon the application for registration.
(b) A vessel may be registered in the names of two or more persons
as coowners in the alternative by the use of the word "or" and if
declared in writing upon the application for registration by the
applicants to be community property, or tenancy in common, shall
grant to each coowner the absolute power to transfer the title or
interest of the other coowners only during the lifetime of such
coowners.
(c) A vessel may be registered in the names of two or more persons
as coowners in the conjunctive by the use of the word "and" and
shall thereafter require the signature of each coowner or his
personal representative to transfer title to the vessel, except where
title to the vessel is set forth in joint tenancy, the signature of
each coowner or his or her personal representative shall be required
only during the lifetime of the coowners, and upon death of a coowner
title shall pass to the surviving coowner.
(d) The department may adopt suitable abbreviations to appear upon
the certificate of ownership and certificate of number to designate
the manner in which title to the vessel is held if set forth by the
coowners upon the application for registration.