(625 ILCS 5/3-501)
(from Ch. 95 1/2, par. 3-501)
Registration expires on transfer by owner.
Whenever the owner of a registered vehicle transfers or assigns his
title, or interest thereto, the registration of such vehicle shall expire
and the owner shall not be entitled to any refund of the registration fee.
The owner shall remove the registration plates and registration stickers,
if any, therefrom and forward the
same to the Secretary of State or may have such plates
and registration stickers, if any, and the registration
number thereon assigned to another vehicle upon payment of the fees
required by law and subject to the rules and regulations of the Secretary
(Source: P.A. 80-230; 80-1185.)