Motor Vehicles and Marine Vessels - Transfer-on-Death Designations

Authorizing an individual who is the sole owner of a marine vessel or multiple individuals who jointly co-own a marine vessel to apply to the Department of Natural Resources to designate a beneficiary to take ownership of the marine vessel on the death of the owner or each co-owner; and altering certain provisions of law governing the transfer-on-death designation for motor vehicles to allow multiple individuals who jointly co-own a motor vehicle to designate a transfer-on-death beneficiary.