§ 56-495. Change of ownership.

(a)

When any owner required to register by section 56-491 conveys title to the premises to another, the owner conveying title shall, on the day of such transfer, notify the director by certified mail of the name, residential address and business address of the new owner, or, if the new owner is a corporation, of the name and address of such corporation. If required to register, the new owner shall file a registration statement in accordance with section 56-494 no more than five days from the date of taking title. The failure of a new owner to file such registration statement shall not impair the validity of title.

(b)

When the ownership of the premises changes by operation of law, the new owner, if required to register, shall file a registration statement in accordance with section 56-494 not more than 30 days from the date the title passed to him.

(c)

An executor or administrator of a decedent's estate which includes real property located within the city shall file a registration statement in accordance with section 56-494 not more than 30 days from the date of appointment.

(Code of Gen. Ords. 1967, § 20.116; Ord. No. 55157, 6-10-83; Ord. No. 56567, 6-14-84)