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An Indiana bill of sale is a written record that documents the change in legal ownership of an item from one person to another. In addition to being required to transfer the ownership through a state agency, an Indiana bill of sale is an important part of personal record keeping. It can be very valuable if there is a legal dispute over the item.
A bill of sale is used for the transfer of ownership interest in personal property. In Indiana, the most commonly used bills of sale include a general bill of sale, a bill of sale for a motor vehicle, a bill of sale for a boat, and a bill of sale for a gun.
A basic Indiana bill of sale includes certain information about both the buyer and the seller and the item:
An Indiana bill of sale can be written in plain English. There is no need for legal jargon or archaic terms. It is important to make sure that the bill of sale includes the required elements. If you are a party listed in an Indiana bill of sale, make sure that you have more than one copy of the completed document for your records.
Yes. The Indiana Bureau of Motor Vehicles (BMV) provides an Indiana Vehicle Bill of Sale Form 44237 that must be completed by the buyer and seller before the motor vehicle can be registered. You'll also need to complete the Indiana BMV's Odometer Disclosure Statement Form 43230, provide a copy of your insurance verification, title information, and provide a copy of your driver's license. You may need more documentation depending on your specific circumstances. Residents of Indiana have 31 days to register their vehicles, but it cannot be driven on any state roads or highways until it is registered. Those who recently moved to Indiana have 60 days to register their vehicle, but the vehicle may be operated during that time period as long as its out of state registration is current.
Yes. Indiana Vehicle Bill of Sale Form 44237 must be completed by the buyer and seller if the boat must be registered. To learn more about which types of watercraft are exempt from registration, visit the Bureau of Motor Vehicles website. When you register your boat, you should be prepared to pay the associated fees and taxes in full.
No. A bill of sale is not required to register a gun in Indiana. This is because gun owners are not required to register their firearms with the state. However, the State of Indiana does require you to have a license if you plan to carry a handgun on your person.
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