Upon receipt of proof satisfactory to the State Marine Board from the holder of a certificate of title issued pursuant to ORS 830.850 (Identifying number plate required on floating homes and boathouses) to 830.860 (Validity of certificate of title) that the certificate of title has been lost, mutilated, destroyed or stolen, the board shall issue to the holder a duplicate certificate of title for a fee of $50. [Formerly 488.720; 2015 c.627 §7]DISPOSITION OF BOATS AND EQUIPMENT FROM WHICH IDENTIFICATION NUMBER REMOVED