I just did this with a 1975 CT110....worked like a charm,no questions asked.
The state your looking to title it in HAS to follow the Vermont registration rules. Vermont uses the above mentioned method on older than 15 and under 300cc's rule which whatever state your trying to use must follow. If your state requires a title,mine is Nevada and they do,the state will issue you a new(insert state here) title based on the Vermont reg.
The DMV here knows the deal and are good with it.