2 Del. Admin. Code § 2266-11.0

Current through Register Vol. 28, No. 5, November 1, 2024

Section 2266-11.0 - Transfer

The word "transfer" as utilized in Section 3002, Title 30, shall include the following:

11.1 Change of business entity status

Examples:	Haven Trucks to Fast Express
	John Doe Trucks, Inc. to John Doe, Inc.
	Joe Smith Buses to Smith Buses, Inc.
	Joe Smith to Smith Buses

11.2 Change of ownership between private individuals

Examples:	Joe Smith to Tom Jones
	Joe Smith to Harry Smith & or Tom Smith
	Helen Jones to Ralph Jones

11.3 The above-listed types of transfers must be accompanied by a Bill of Sale pursuant to Section 3002(b) or an affidavit. If neither a Bill of Sale nor an affidavit is available, the document fee shall be based on the current N.A.D.A. average trade-in value. If the Bill of Sale or affidavit indicates no money was exchanged for the transfer of ownership and the same person signed the title for both buyer and seller, then no document fee shall be assessed.

2 Del. Admin. Code § 2266-11.0

27 DE Reg. 267 (10/1/2023) (Final)