Missing Title Question

[Econman]

I have a co-worker that has a '69 GMC stepside that he's priced to me. No power anything (steering, brakes or a/c), but with the original 6-cyl and 3 on the tree. The truck runs.. only light rust is in the normal areas, rockers, etc but a very solid bed.

He bought the truck from a friend in north Alabama that had lost the title. In Alabama, the DMV told him that they would not issue a replacement title for a truck that age. He has a Bill of Sale, receipts, cancelled check, etc and they will issue a registration but not a title.

I live in Tennessee and have never dealt with this situation before, despite selling commercial vehicles for years.. Does anyone know what I can expect if I was to buy it and need to get it registered legally?

It's a truck I'd really like to have, but don't want to get stuck with a parts truck...

Thanks!