§ 413. New certificates of title. Upon the application of any owner of
registered property held under one or more certificates of title and
delivering up of such certificate or certificates, the registrar shall
issue to such owner, at his option, separate certificates, each for a
portion of such property in accordance with such application; and upon
issuing any such certificate of title, said registrar shall indorse on
the last previous certificate of such property so delivered up a
memorial setting forth the occasion of the cancellation thereof and
referring to the number or numbers of the new certificates of title so
issued.