ALBANO AND MILAM BILL TO HELP ABANDONED VESSEL SALES ADVANCES

Legislation sponsored by Assemblymen Nelson T. Albano and Matthew Milam that would make transferring the title of an abandoned vessel simpler has received final legislative approval and heads to the governor’s desk.

The bill removes the requirement that a person, entity, municipality, or harbor commission looking to acquire title to an abandoned vessel must apply to a court for transfer of title to the vessel. Instead, the person, entity, municipality, or harbor commission would have to apply to the New Jersey Motor Vehicle Commission for transfer of title to the vessel.

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