(625 ILCS 45/3-4)
(from Ch. 95 1/2, par. 313-4)
Destruction, sale, transfer or abandonment.
The owner of any watercraft shall
within 15 days notify the Department if the watercraft is
destroyed or abandoned, or is sold or transferred either wholly or in part
to another person or persons. In sale or transfer cases, the notice shall be
accompanied by a surrender of the certificate of number. In destruction or
abandonment cases, the notice shall be accompanied by a surrender of the
certificate of title. When the surrender
of the certificate is by reason of the watercraft being
destroyed or abandoned, the Department shall cancel the certificate and
enter such fact in its records. The Department shall be notified in writing
of any change of address. Should the owner desire a new certificate of
number, showing the new address, he shall surrender his old certificate and
notify the Department of the new address, remitting $1 to cover the
issuance of a new certificate of number. If the surrender is by reason of a
sale or transfer either wholly or in part to another person or persons, the
owner surrendering the certificate shall state to the Department, under
oath, the name of the purchaser or transferee.
Non-powered watercraft are exempt from this Section.
(Source: P.A. 97-1136, eff. 1-1-13.)