5036

The transfer of a motor vehicle, trailer or semi-trailer conducted pursuant to the provisions in § 5035 of this title shall have the following effects:\n(a) The Secretary shall issue to every acquirer of a registered motor vehicle, trailer or semi-trailer a license and a certificate of title stating the fact that he/she is the new owner of the motor vehicle, trailer or semi-trailer. Said license and certificate of title shall not be issued until the transfer has been duly registered in the registry of motor vehicles, trailers and semi-trailers, but its effects shall be retroactive to the date in which the transfer document was executed.\n(b) The transfer shall make unnecessary the issuance of new license plates, except whenever the use changes and a different identification is required, or whenever the acquirer does not have a license plate.\n(c) The transfer shall neither cancel nor modify any liens on the motor vehicle, trailer or semi-trailer, nor shall it give the acquirer any special rights of use granted by this chapter, by fiscal laws or by public service laws.\nHistory —Jan. 7, 2000, No. 22, § 2.35; Aug. 19, 2005, No. 57, § 2.