(1) A person who is the registered owner of a vehicle not subject to registration under Section 41-1a-301, registered with the division, or who applies for an original registration of a vehicle not subject to registration under Section 41-1a-301, may upon payment of the fee prescribed in Section 41-1a-1211 apply to the division for a personalized license plate.
(2) Application shall be made in accordance with Section 41-1a-411.
(3) The personalized license plate shall be affixed to the vehicle for which registration is sought in lieu of the regular license plate.
(4) A personalized license plate shall be issued only to the registered owner of the vehicle on which they are to be displayed.