Section 13-241-12 - New owner must secure new certificate of number and certificate of title(a) The new owner of all or any part of the interest in any vessel for which a certificate of number or certificate of title has been issued pursuant to this chapter shall, within ten business days after acquiring same, make application to the department upon forms prescribed by it, for transfer or revision, whichever is appropriate, of the certificate of number or certificate of title issued to such vessel. The amended certificate of number shall, if in full force and effect at the time of the transfer, remain valid for so long as the original certificate of number would have been valid under this chapter. Except as provided in subsection (b), unless an application is made, the appropriate fees are paid, and an amended certificate of number is obtained within the time limit prescribed by this subsection, the vessel shall be deemed to be without certificate of number, and it shall be unlawful for any person to operate the vessel on the waters of the State until a valid certificate is issued.(b) Subsection (a) notwithstanding, if a boat dealer (1) buys a vessel for which a certificate of number has been awarded pursuant to this chapter, (2) procures the certificate of number from the owner, (3) holds the vessel for resale, and (4) notifies the department of the purchase within ten business days after delivery of the vessel, the boat dealer need not apply to the department for transfer of the certificate of number issued to the vessel. A copy of the dealer's notification of purchase to the department shall, together with the certificate of number, be available at all times for examination on the vessel for which issued, whenever the vessel is in operation. The boat dealer, upon transferring the vessel to another person, shall promptly mail or deliver the certificate of number to the department with the transferee's application for a new certificate of number as prescribed in subsection (a).(c) Every boat dealer shall maintain, for a minimum of three years, a written record, in such a form prescribed by the department, of every vessel bought, sold or exchanged, or received for sale or exchange. The record shall be open to inspection by a representative of the department or law enforcement personnel during reasonable business hours for the purposes of verifying compliance with this subsection. [Eff 2/24/94] (Auth: HRS § 200-24) (Imp: §§ 200-24, 200-31)Am and comp 3/20/2021 (Auth: HRS § 200A-29) (Imp: HRS § 200A-29)