Upon the sale of any boat or craft the license issued therefor pursuant to this subchapter shall cease to apply, but the license and the license number may be transferred to any other qualified boat or craft then owned by the vendor upon his or her written application and payment to the city of a transfer fee of $2, plus the excess, if any, of the license fee requirements for the other boat or craft over that of the craft so sold. The boat or craft so sold shall be removed from the reservoir or registered by the purchaser as in case of an original registration.
(1983 Code, § 16-146) Penalty, see § 96.999