Maryland HB244 allows vessel owners to designate a beneficiary to inherit the vessel upon their death.
Maryland HB244 establishes a process for vessel owners to designate a beneficiary to inherit the vessel upon their death. The bill requires the beneficiary to apply for a new certificate of title if they survive the owner. It also mandates that the application include the original certificate of title, a death certificate, and any additional information the Department of Natural Resources requires. The designation of a beneficiary does not require consideration and does not need to be delivered to the beneficiary for it to be effective.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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