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Session Laws, 1933 Session
Volume 421, Page 369   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 369

liable, then the dealer shall forthwith, upon the written de-
mand of the Comptroller file an additional bond in the same
manner and form with a Surety Company thereon, as
hereinbefore provided, provided, however, that the total
amount of any such additional bond as well as the bond
required under the provisions of the first paragraph of this
section, shall not exceed the maximum of Twenty Thou-
sand ($20, 000. 00) Dollars, and the Comptroller shall forth-
with cancel the license certificate of any dealer failing to
file an additional bond as herein provided.

Any surety on any bond furnished by any dealer as above
provided shall be released and discharged from any and all
liability to the State of Maryland accruing on such bond
after the expiration of sixty (60) days from the date upon
which such surety shall have lodged with the Comptroller,
a written request to be released and discharged. Provided,
however, that such request shall not operate to relieve, re-
lease or discharge such surety from any liability already
served, or which shall accrue, before the expiration of said
sixty-day period. The Comptroller shall promptly on re-
ceipt of notice of such request notify the dealer who fur-
nished such bond, and unless such dealer shall on or before
the expiration of such sixty-day period file with the Comp-
troller, a new bond with a Surety Company duly licensed
to do business under the laws of this State, in the amount
and form hereinbefore in this section provided, the Comp-
troller shall forthwith cancel the license of said dealer. If
such new bond shall be furnished by said dealer as above
(provided, the Comptroller shall cancel and surrender the
bond of said dealer for which such new bond shall be sub-
stituted.

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Session Laws, 1933 Session
Volume 421, Page 369   View pdf image (33K)
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