If a vehicle title is in two names with "Or Survivor," do both individuals need to sign when transferring ownership?

When a vehicle title is issued in two names with the designation "Or Survivor," it indicates that either party has the right to transfer ownership independently. This means that when transferring ownership of the vehicle, only one individual—the survivor or either of the named individuals—needs to sign the title. Therefore, it is not necessary for both parties to sign.

The distinction of "Or Survivor" is crucial because it provides flexibility and indicates that in the event of one owner’s death, the other automatically retains the right to the vehicle without further legal complications. This arrangement simplifies the process of transferring ownership following the death of one titleholder.

In terms of dealership policy, it typically does not supersede the legal implications of the title designation, and thus the correct understanding focuses on the legal definition rather than dealership policies.