966

LAWS OF MARYLAND

Ch. 299

(2) A second-stage manufacturer of new two-stage
vehicles completed in the United States.

15-202.

(a)  A manufacturer or distributor may not transfer any
new [Class A] MOTOR vehicle, [new Class B vehicle,] or new
two-stage vehicle to any dealer in this State unless the
manufacturer or distributor is licensed by the
Administration under this subtitle.

(b)  A person may not conduct the business of a factory
branch in new [Class A] MOTOR vehicles, [new Class B
vehicles,] or new two-stage vehicles unless the person is
licensed by the Administration under this subtitle.

15-204.

(b) The annual license fee for a manufacturer or a
distributor is based on the combined number of new [Class A]
MOTOR vehicles, [new Class B vehicles,] and new two-stage
vehicles transferred by the manufacturer or distributor to
dealers in this State during the preceding license year,
according to the following schedule:

(1)  1 to 50 vehicles — $ 50;

(2)  51 to 500 vehicles — $ 150;

(3)  501 to 10,000 vehicles — $ 250; and

(4)  Over 10,000 vehicles — $ 500.

15-205.

(a) After the Administration notifies a manufacturer
or distributor of new [Class A] MOTOR vehicles of the
approval of an application for a license and before the
Administration issues a license, the manufacturer or
distributor shall file with the Administration a surety bond
in the form and with the surety that the Administration
approves.

(b)(1) The amount of the surety bond shall be
based on the number of new [Class A] MOTOR vehicles
transferred by the manufacturer or distributor to dealers in
this State during the preceding license year, according to
the following schedule:

(i) 1 to 50 vehicles -- $25,000 surety
bond;

(ii) 51 to 500 vehicles — $50,000 surety
bond;

(iii) 501 to 10,000 vehicles -- $100,000
surety bond; and