[§286-44.5]  Salvage certificate.  (a)  An application for a salvage certificate shall be accompanied by a fee in an amount determined by the director of finance and shall contain:

     (1)  The name and address of the applicant;

     (2)  A description of the vehicle being salvaged; and

     (3)  Any further information reasonably required by the director of finance.

     (b)  A salvage certificate shall authorize the holder of the certificate to possess, transport but not drive upon a highway, and transfer ownership in a salvage vehicle.

     (c)  A salvage certificate shall contain the word "salvage" on the face of the certificate and shall be made upon forms prescribed by the director of finance. [L 1984, c 276, §1]