HOUSE OF REPRESENTATIVES	H.B. NO.	1625
TWENTY-NINTH LEGISLATURE, 2018		H.D. 1
STATE OF HAWAII

A BILL FOR AN ACT

RELATING TO MOTOR VEHICLE REGISTRATION.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

SECTION 1. Chapter 286, Hawaii Revised Statutes, is amended by adding a new section to part III to be appropriately designated and to read as follows:

"§286-   Transfer of vehicle ownership upon death. (a) The owner of a vehicle subject to registration under section 286-41 may at any time designate a beneficiary to whom ownership of the vehicle shall be transferred upon the owner's death, provided that:

(1) The vehicle is currently registered to one owner;

(2) The owner designates only one person as the beneficiary; and

(3) The vehicle is unencumbered by a lien.

(b) A certificate of ownership issued in beneficiary form shall include, after the name of the owner, the words "transfer on death" or the abbreviation "TOD" followed by the name of the beneficiary.

(c) During the lifetime of the owner, the signature or consent of the beneficiary is not required for any transaction relating to the vehicle for which a certificate of ownership in beneficiary form has been issued.

(d) The fee for registering ownership of a vehicle in beneficiary form shall be $        .

(e) Nothing in this section shall preclude a decedent's surviving spouse, reciprocal beneficiary, or child under section 560:2-403 or successor under section 560:3-1201 from making a claim to a vehicle registered to the decedent; provided that no beneficiary has been designated pursuant to this section."

SECTION 2. The director of finance shall adopt rules, pursuant to chapter 91, Hawaii Revised Statutes, necessary to effectuate the purpose of this Act.

SECTION 3. New statutory material is underscored.

SECTION 4. This Act shall take effect upon its approval.

Report Title:

Motor Vehicles; Registration; Ownership; Transfer Upon Death

Description:

Allows the registered owner of a motor vehicle to designate a beneficiary to whom ownership of the vehicle shall be transferred upon the registered owner's death; provided that certain conditions are met. (HB1625 HD1)

The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.