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Section 9852.7 Of Chapter 2. Registration From California Vehicle Code >> Division 3.5. >> Chapter 2.
9852.7
. (a) Ownership of an undocumented vessel subject to
registration may be held in beneficiary form that includes a
direction to transfer ownership of the vessel to a designated
beneficiary on death of the owner if both of the following
requirements are satisfied:
(1) Only one owner is designated.
(2) Only one TOD beneficiary is designated.
(b) Ownership registration and title issued in beneficiary form shall include, after the name of the owner, the words "transfer on death to" or the abbreviation "TOD" followed by the name of the beneficiary.
(c) During the lifetime of the owner, the signature or consent of the beneficiary is not required for any transaction relating to the vessel for which a certificate of ownership in beneficiary form has been issued.
(d) The fee for registering ownership of a vessel in a beneficiary form is ten dollars ($10).
(1) Only one owner is designated.
(2) Only one TOD beneficiary is designated.
(b) Ownership registration and title issued in beneficiary form shall include, after the name of the owner, the words "transfer on death to" or the abbreviation "TOD" followed by the name of the beneficiary.
(c) During the lifetime of the owner, the signature or consent of the beneficiary is not required for any transaction relating to the vessel for which a certificate of ownership in beneficiary form has been issued.
(d) The fee for registering ownership of a vessel in a beneficiary form is ten dollars ($10).
