In the event the vessel is no longer registered in this state and the currently valid certificate of ownership is surrendered to the department or the vessel has been destroyed or lost, the bond or undertaking shall be returned and surrendered after three years.
Cal. Veh. Code § 9924
Transfer of Title or Interest in Undocumented Vessel
Amended by Stats. 1982, Ch. 517, Sec. 389.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.