Marvin Mandel, Governor                          1337

(b) Every dealer who holds a new vehicle for sale shall hold an
unexpired franchise in this State for the particular make of vehicle
held.

§ 8-113.2. Acquisition of vehicle out of state.

Any person who acquires a new vehicle in another jurisdiction for
use in this State from a person other than a manufacturer, at the
time of its acquisition, shall obtain evidence of ownership in the form
required by the laws of that jurisdiction duly assigned by the trans-
ferror to the transferee, or, if no such evidence of ownership is re-
quired by the laws of that jurisdiction, a certified invoice of sale
from the seller to the purchaser.

§ 3-114. Transfer by operation of law.

(a)    If the interest of an owner in a vehicle for which a certificate
of title has been issued passes to another other than by voluntary
transfer, the transferee except as provided in subsection (b), shall
present to the department the last certificate of title if available,
and shall apply for a new certificate of title. The application shall be
accompanied by such instruments or documents of authority, or certi-
fied copies thereof, as may be sufficient or required by law to evidence
or effect a transfer of title or interest in or to chattels in such case.
No written assignment of title or interest shall be required if the
prior owner's title or interest has passed to the transferee as a result
of a judicial decree, order, or proceeding.

(b)    If the interest of an owner in a vehicle for which a certificate
of title has been issued passes to a legatee or distributee as a result of
testamentary disposition or intestate devolution, no application for
a new certificate of title need be made until the expiration of the
current annual registration in the name of the deceased owner, and
the certificate of title need not be submitted to the department until
the application for a new certificate of title is made. A certificate of
letters testamentary or of administration issued by a court of com-
petent jurisdiction in this State shall be sufficient authority for the
department to transfer the title of the vehicle of a deceased owner if
title is properly assigned by the personal representative of the
deceased owner.

(c)   The department may transfer on its records the ownership of
a vehicle which has been repossessed by a secured party who submits
to the department a certification which states

1.    That the secured party has a security interest in the vehicle;

2.    That on the basis of the security agreement or other lawful
basis the secured party has a right to the possession of and title to the
vehicle;

3.    That the secured party has possession of the vehicle; and
4. Such other information as the department requires.

Upon submission to it of the affidavit, the department, if it is satisfied
that the secured party is entitled thereto, may issue a new certificate
of title.

§ 3-115. Omitted.