South Dakota boat owners can now name a beneficiary on their boat's title who will automatically receive ownership when the owner dies, without going through probate. The owner can change the beneficiary at any time by getting a new certificate of title, and the beneficiary has no rights to the boat until after the owner's death. This new process works similarly to transfer-on-death designations already available for other types of property.
AI-generated summary
This bill does not directly amend codified state law.
Local Government Tabled Passed, YEAS 4, NAYS 0.
Local Government Scheduled for hearing
First read in Senate and referred to Senate Local Government S.J. 130
Herman Otten
Prime sponsor · Sen.
R
Mark Willadsen
Prime sponsor · Rep.
R
Cosponsors
Local Government — Tabled