Section 9-18.1-14.5-8 - Term of validity(a) A watercraft becomes subject to registration under this chapter: (1) on the date the watercraft is acquired; or(2) not later than sixty (60) days after a person who owns the watercraft becomes an Indiana resident.(b) Upon becoming subject to registration under this chapter, a watercraft must be registered for a period that is not:(1) less than three (3) months; or(2) greater than twenty-four (24) months.(c) A registration under this article may be renewed:(1) for a watercraft with an unexpired registration, for a period of twelve (12) months from the date on which the registration will expire; or(2) for a watercraft with an expired registration, for a period of not:(A) less than three (3) months; or(B) greater than twenty-four (24) months.(d) Subject to subsection (b), and except as provided for in subsection (h), the registration year for a registration, other than a renewal described in subsection (c), begins on the date on which the watercraft becomes subject to registration as determined under subsection (a) and ends on the following date selected by the person registering the watercraft:(1) The date on which the watercraft registration expires, as determined under the schedule established under IC 9-18.1-11-1.(2) Twelve (12) months after the date described in subdivision (1).(e) If a person sells or otherwise disposes of a watercraft:(1) the certificate of registration and proof of registration for the watercraft are canceled; and(2) except as provided in IC 9-33-3, the person is not entitled to a refund of any unused part of a fee paid by the person under this chapter.(f) If the watercraft is transferred or sold, the person shall provide ownership documents at the time of delivering the watercraft.(g) A person that acquires a watercraft that is registered under this chapter must apply to the bureau under this chapter to register the watercraft.(h) A watercraft registered under this chapter remains subject to continuous registration under this chapter until: (1) the watercraft is sold or otherwise disposed of; or(2) the person that registered the watercraft becomes a nonresident.Amended by P.L. 111-2021,SEC. 21, eff. 1/1/2022.Added by P.L. 164-2020,SEC. 38, eff. 1/1/2021.