Re: Being paid to drive
postby KnowLaw » Tue Feb 12, 2013 1:16 pm
That's because the State doesn't own all vehicles, as long as the true owner realizes the scam and cancels the contract/agreement. And that's as easy as canceling the CoT and returning it to the DOT. No contract, no legal ownership (on the State's part, that is).
When in contract with the State DOT, the true owner (i.e. whomever bought the product) becomes the equitable owner only, and legal ownership is switched to the State which acts as a Trustee over the property entrusted to its limited liability benefit and safety program.
If you want to retain "legal" ownership of your property, take it back by cancelling the certificate of title and returning said document to it's issuer.
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