23 V.S.A. § 2027: Issuance of new certificate

(a) The Commissioner, upon receipt of a properly assigned certificate of title, with an application for a new certificate of title, the required fee, and any other documents required by law, shall issue a new certificate of title in the name of the transferee as owner and mail to the first lienholder named in it or, if none, to the owner.

(b) The Commissioner, upon receipt of an application for a new certifi- cate of title by a transferee other than by voluntary transfer, with proof of the transfer, the required fee, and any other documents required by law, shall issue a new certificate of title in the name of the transferee as owner. If the outstanding certificate of title is not delivered to the Commissioner, the Commissioner shall demand the outstanding certificate of title from the holder.

(c) The Commissioner shall file and retain every surrendered certificate of title pursuant to section 117 of this title.