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§47-1107.5. Transfer of title in transfer-on-death form

47 OK Stat § 47-1107.5 (2019) (N/A)
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A. The title of a motor vehicle that is not subject to any lien or other encumbrance may be transferred in transfer-on-death form by filing with the Tax Commission a written notice of transfer signed by the transferor and designating the transferee. Such notice shall transfer ownership of the vehicle to the transferee upon the death of the transferor. The notice shall include:

1. The vehicle identification number of the vehicle;

2. The number of the license plate issued to the vehicle, if any;

3. The full name and address of the transferor;

4. The full name and address of the transferee; and

5. The signature of the transferor. The signature or consent of or notice to the transferee shall not be required for any purpose during the lifetime of the transferor.

B. A designation of the transferee may be revoked or changed at any time prior to the death of the transferor by filing an amended notice with the Tax Commission.

C. To accept a certificate of title of a motor vehicle pursuant to notice filed under subsection A of this act, the designated transferee shall execute an affidavit verifying the death of the transferor owner and submit to the Tax Commission. After the date of the transfer of the vehicle as evidenced by the submitted affidavit and the records of the Commission, the Commission shall issue a title reflecting the transfer of ownership.

Added by Laws 2016, c. 105, § 1, eff. Nov. 1, 2016.

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§47-1107.5. Transfer of title in transfer-on-death form