Section 505 Of Article 4. Boaters Lien Law From California Harbors And Navigation Code >> Division 3. >> Chapter 2. >> Article 4.
505
. (a) A registered or legal owner of a vessel may release any
interest in the vessel after the lien has arisen. The release shall
be dated when signed and a copy shall be given at the time the
release is signed to the person releasing the interest.
(b) The release shall be in at least 12-point type and shall
contain all of the following information in simple, nontechnical
language:
(1) A description of the vessel, including the make, the
identification number, and the state of registration, to the extent
available.
(2) The names and addresses of the registered and legal owners of
record with the department, to the extent available.
(3) A statement of the amount of the lien and the facts which give
rise to the lien.
(4) A statement that the person releasing the interest understands
that (i) he or she has a legal right to a hearing in court prior to
any sale of the vessel to satisfy the lien and (ii) he or she is
giving up the right to appear to contest the claim of the lienholder.
(5) A statement that (i) the person releasing the interest gives
up any interest he or she may have in the vessel and (ii) he or she
is giving the lienholder permission to sell the vessel.
(c) The release required by this section shall be filed with the
department in connection with any transfer of interest in a vessel
following a lien sale.