RSA 261:66 Transfer of Ownership.

I. Upon the transfer of ownership of any vehicle, its registration shall expire. The person in whose name such vehicle is registered shall retain the expired certificate of registration in order to obtain transfer credit, if applicable. The decease of the owner shall not terminate such registration unless there is an actual transfer of ownership.
II. A person who so transfers or loses a registered vehicle, upon filing a new application, may have registered in his name a like vehicle for the remainder of the registration period. If the registration fee of said vehicle is the same or less than that of the one first registered by him, he shall pay no additional fee, but if the fee is greater, he shall pay the difference.
III. If the owner of any vehicle desires to transfer