Okla. Stat. tit. 63, § 63-4106: Exemptions

An original or a transfer certificate of title shall be issued

without the payment of the excise tax levied by this act for:

1. Any vessel or motor owned by a nonresident which is already

registered in another state and has been in Oklahoma for a period in

excess of sixty (60) calendar days in any single registration year.

2. Any vessel or motor brought into this state by a person

formerly living in another state, who has owned and registered said

vessel or motor in such other state of his residence at least sixty

(60) calendar days prior to the time it is required to be registered

in this state;

3. Any vessel or motor registered by the United States, State

of Oklahoma or by any of the political subdivisions thereof;

4. Any vessel or motor the legal ownership of which is obtained

by the applicant for a certificate of title by inheritance;

5. Any vessel or motor which is owned and being offered for

sale by a person licensed as a dealer under the provisions of the

Oklahoma Vessel and Motor Registration Act, registered in Oklahoma

and the excise tax paid thereon;

6. Any vessel or motor, the ownership of which was obtained by

the lienholder or mortgagee under or by foreclosure of a lien or

mortgage in the manner provided by law or to the insurer under

subrogated rights arising by reason of loss under an insurance

contract;

7. Any vessel or motor, the legal ownership of which is

obtained by transfers:

a. from one corporation to another corporation pursuant

to a reorganization. As used in this section, the

term "reorganization" means:

(1) a statutory merger or consolidation, or

(2) the acquisition by a corporation of substantially

all of the properties of another corporation when

the sole consideration is all or a part of the

voting stock of the acquiring corporation, or of

its parent or subsidiary corporation;

b. in connection with the winding up, dissolution or

liquidation of a corporation only when there is a

distribution in kind to the shareholders of the

property of such corporation;

c. to a corporation for the purpose of organization of

such corporation when the former owners of the vessel

or motor transferred are immediately after the

transfer in control of the corporation, and the stock

or securities received by each is substantially in

proportion to his interest in the vessel or motor

prior to the transfer;

d. to a partnership in the organization of such

partnership if the former owners of the vessel or

motor transferred are, immediately after the transfer,

members of such partnership and the interest in the

partnership received by each is substantially in

proportion to his interest in the vessel or motor

prior to the transfer;

e. from a partnership to the members thereof when made in

the dissolution of such partnership;

8. All vessels or motors owned by the council organizations or

similar state supervisory organizations of the Boy Scouts of

America, Girl Scouts of U.S.A. and the Campfire Girls; and

9. All vessels or motors owned by organizations which are

exempt from taxation pursuant to the provisions of Section 501(c)(3)

of the Internal Revenue Code, 26 U.S.C., Section 501(c)(3), and

which are primarily devoted to the establishment, development,

operation, promotion, and participation in, alone or in conjunction

with others, educational and training programs and competitive

events to provide knowledge, information, or comprehensive skills

related to the sports of sailing, fishing, boating, and other

aquatic related activities.