[§200A-17] Transfer of ownership. (a) On voluntary transfer of an ownership interest in a vessel covered by a certificate of title, the following rules shall apply:
(b) The creation of a certificate of title identifying the transferee as owner of record satisfies subsection (a).
(c) A failure to comply with subsection (a) or to apply for a new certificate of title shall not render a transfer of ownership of a vessel ineffective between the parties. Except as otherwise provided in section 200A-18, 200A-19, 200A-23(a), or 200A-24, a transfer of ownership without compliance with subsection (a) shall not be effective against another person claiming an interest in the vessel.
(d) A transferor that complies with subsection (a) shall not be liable as owner of the vessel for an event occurring after the transfer, regardless of whether the transferee applies for a new certificate of title. [L 2018, c 46, pt of §1]