Okla. Admin. Code § 670:20-33-4

Current through Vol. 41, No. 24, September 3, 2024

Section 670:20-33-4 - Multiple owners

(a) When multiple owners are listed on vehicle ownership documentation, whether a title document or ownership assignment document, and there is no distinction as to whether ownership is to be joined by 'and', 'and/or', or 'or', the resulting Oklahoma title is to be issued reflecting ownership joined by 'and'.

(b) When transferring ownership from a title document which lists multiple (former) owners, the following assignment guidelines apply:

(1) When ownership is joined by 'or' or 'and/or', any one of the owners may assign ownership.

(2) When ownership is joined by 'and', all owners are required to assign ownership.

(c) When multiple owners are listed, followed by "WROS" (With Rights of Survivorship), the rules under (a) and (b) above apply.

(d) When ownership is listed as two names, followed by "TOD" (Transfer Upon Death), the first name listed will be considered the primary (unconditional) owner and the second name listed as the secondary (conditional) owner. The secondary owner may obtain ownership only in the event of the primary person's death (upon presentation of the death certificate). The secondary owner has no other ownership claim to the vehicle. As long as the primary owner remains alive, he/she can assign ownership of the vehicle at any time, with no signature or documentary approval of the secondary owner required.

(e) The transfer-upon-death provisions provided for in 47 O.S. § 1107.5 may be utilized as an alternative to placing the TOD designation on a title. [See: OAC 670:20-37-7]

Okla. Admin. Code § 670:20-33-4

Adopted by Oklahoma Register, Volume 41, Issue 23, August 15, 2024, eff. 8/25/2024