§47-1113A.

§47-1113A.
   
   A. As used in this section:
   
   1. "First vehicle" means the vehicle from which a license plate is
   removed and transferred to a second vehicle;
   
   2. "Second vehicle" means the vehicle to which a license plate is
   transferred after removal from a first vehicle; and
   
   3. "Vehicle" means a passenger vehicle and does not include farm or
   commercial vehicles.
   
   B. A person may retain the license plate of any vehicle registered to
   such person for purposes of transferring such license plate to a
   second vehicle registered to such person. The license plate removed
   from the first vehicle may be transferred to a new or used second
   vehicle. The procedure for transfer shall be as follows: 1. If the
   license plate removed from the first vehicle is transferred to a new
   motor vehicle, the owner shall obtain a replacement license plate from
   the Commission or one of its motor license agents upon payment of the
   fee required for a replacement plate and an additional Ten Dollars
   ($10.00). The replacement plate shall bear an expiration date that
   corresponds to the expiration date on the license plate removed from
   the first vehicle. The replacement plate shall be affixed to the first
   vehicle immediately upon removal of the existing license plate. The
   license plate removed from the first vehicle shall be affixed to the
   second vehicle upon payment by the owner of all applicable
   registration and license fees. Transfer of a license plate to a new
   motor vehicle as authorized by this paragraph shall not relieve the
   owner of payment for registration or license fees applicable to such
   new motor vehicle as required by this title.
   
   2. If the license plate removed from the first vehicle is transferred
   to a second vehicle already displaying a license plate, the owner
   shall obtain the replacement license plate required by paragraph 1 of
   this subsection. The replacement plate shall be affixed to the first
   vehicle and shall bear the expiration date of the license plate
   removed from the first vehicle. The license plate from the second
   vehicle shall be removed and returned to the Commission or one of its
   motor license agents. The license plate removed from the first vehicle
   shall then be affixed to the second vehicle. The removed plate from
   the first vehicle shall bear an expiration date identical to the plate
   removed from the second vehicle.
   
   C. The Oklahoma Tax Commission shall be authorized to promulgate such
   rules or regulations as may be required to implement the license plate
   transfers authorized by this section.
   
   D. In the event a person fails to obtain a replacement license plate
   as provided for in this section within the time prescribed for the
   registration of the new or used second vehicle, a penalty of
   twenty-five cents ($0.25) per day shall be assessed from the day
   following the period prescribed for registration to the date of
   acquisition of the replacement license plate, such penalty to accrue
   for no more than thirty (30) days, at the end of which time the
   penalty shall be twice the registration cost of such vehicle.