An Act relating to the transfer of a title on the death of the owner; relating to the transferability of common interest community ownership interests; and providing for an effective date.

Summary

The bill creates a Transfer on Death (TOD) option for boats and vehicles, letting owners designate up to two beneficiaries who receive the title when the owner dies. It applies to any titled boat or vehicle issued by the Department of Administration and can be set up, changed, or revoked at any time without probate. This provides a non‑testamentary way to pass these assets.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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