Outline
In the state of Indiana, the Boat Bill of Sale form plays a crucial role in the transfer of ownership for watercraft. This document serves as a formal record that details the transaction between the seller and the buyer, ensuring both parties have a clear understanding of the terms involved. Key aspects of the form include the identification of the vessel, which encompasses the boat's make, model, year, and hull identification number. Additionally, the form captures essential information about the parties involved, such as their names, addresses, and signatures, thereby providing legal validation to the sale. The purchase price must also be specified, along with the date of the transaction. This form not only facilitates a smooth transfer of ownership but also serves as a protective measure for both the buyer and seller, safeguarding their interests and providing a clear paper trail. Understanding the components of the Indiana Boat Bill of Sale is essential for anyone looking to buy or sell a boat in the state, as it ensures compliance with local regulations and helps to avoid potential disputes in the future.
Form Sample
Indiana Boat Bill of Sale
This document serves as a legal record for the sale and purchase of a boat in the state of Indiana, adhering to the stipulations outlined in the Indiana Code Title 9. Motor Vehicles, which requires a bill of sale for boats not titled or registered. By completing this form, both parties confirm the transaction details recorded are accurate and agreed upon.
Seller Information
Name: _______________________________
Address: _____________________________
__________________________________________
City: ________________________________
State: IN
Zip Code: ___________________________
Phone Number: ________________________
Buyer Information
Name: _______________________________
Address: _____________________________
__________________________________________
City: ________________________________
State: IN
Zip Code: ___________________________
Phone Number: ________________________
Boat Information
Make: ________________________________
Model: _______________________________
Year: ________________________________
Hull ID: _____________________________
Length: _____________________________ft
Title Number: _________________________
Sale Information
Date of Sale: _________________________
Sale Price: $__________________________
Signatures
This bill of sale acknowledges that the seller has divested themselves of all rights to the boat described herein and that the buyer fully understands and accepts the condition of the boat at the time of sale. Both parties agree to the terms outlined within this document.
Seller's Signature: _____________________ Date: ________________
Buyer's Signature: ______________________ Date: ________________
Additional Information
It is recommended that both buyer and seller keep a copy of this document for their records. The buyer is responsible for registering the boat with the Indiana Bureau of Motor Vehicles in accordance with Indiana state law.
Document Details
| Fact Name | Description |
|---|---|
| Purpose | The Indiana Boat Bill of Sale form is used to document the sale of a boat between a buyer and a seller. |
| Governing Law | This form is governed by Indiana state law, specifically the Indiana Code Title 9, Article 32. |
| Information Required | The form requires details about the boat, including the make, model, year, and hull identification number (HIN). |
| Seller Information | The seller must provide their name, address, and contact information on the form. |
| Buyer Information | The buyer's name, address, and contact information are also required. |
| Sale Price | The form must include the sale price of the boat as agreed upon by both parties. |
| Date of Sale | The date when the sale occurs must be clearly indicated on the form. |
| Signatures | Both the seller and buyer must sign the form to make it valid. |
| Notarization | While notarization is not required, it is recommended for added security and verification. |
| Record Keeping | Both parties should keep a copy of the completed Bill of Sale for their records. |
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