994                             laws of Maryland                     [Ch. 701

HIS INTEREST IN THE VESSEL OR HE RENEWS THE CER-
TIFICATE OF NUMBER FOR SUCH VESSEL.

4C.

NO PERSON SHALL SELL, ASSIGN OR TRANSFER A VES-
SEL TITLED BY THIS STATE WITHOUT DELIVERING TO
THE PURCHASER OR TRANSFEREE A CERTIFICATE OF
TITLE WITH SUCH ASSIGNMENT THEREON AS IN IS NECES-
SARY TO SHOW TITLE IN THE PURCHASER OR TRANS-
FEREE; NOR SHALL ANY PERSON PURCHASE OR OTHER-
WISE ACQUIRE A VESSEL REQUIRED TO BE TITLED BY
THIS STATE WITHOUT OBTAINING A CERTIFICATE OF
TITLE FOR IT IN HIS NAME.

4D.

(A)    EVERY OWNER OF A VESSEL SUBJECT TO TITLING
UNDER THE PROVISIONS OF THIS ARTICLE SHALL MAKE
APPLICATION TO THE DEPARTMENT FOR THE ISSUANCE
OF A CERTIFICATE OF TITLE FOR SUCH VESSEL ACCOM-
PANIED BY THE REQUIRED FEE AND TAX UPON FORMS
PRESCRIBED BY THE DEPARTMENT. THE APPLICATION
SHALL BE SIGNED AND SWORN TO BEFORE A NOTARY
PUBLIC OR OTHER OFFICER EMPOWERED TO ADMINISTER
OATHS. EVERY APPLICATION FOR A CERTIFICATE OF
TITLE SHALL CONTAIN THE DATE AND GROSS PRICE OF
THE VESSEL OR THE FAIR MARKET VALUE IF NO SALE
IMMEDIATELY PRECEDED THE TRANSFER, AND ANY
SUCH FURTHER INFORMATION AS MAY BE REQUIRED BY
THE DEPARTMENT.

(B)    IF A DEALER BUYS OR ACQUIRES A USED VESSEL
FOR THE PURPOSE OF RESALE, HE SHALL WITHIN FIF-
TEEN (15) DAYS APPLY FOR A NEW CERTIFICATE OF
TITLE IN HIS NAME. NO TITLE TAX IS OWED ON THIS
TRANSACTION.

(C)    IN THE EVENT APPLICATION FOR CERTIFICATE OF
TITLE IS MADE FOR A VESSEL LAST PREVIOUSLY REGIS-
TERED OR TITLED IN ANOTHER STATE OR FOREIGN COUN-
TRY, THE APPLICATION SHALL CONTAIN OR BE ACCOM-
PANIED BY ANY INFORMATION OR DOCUMENTS REQUIRED
BY THE DEPARTMENT.

4E.

(A)  A FEE OF TWO DOLLARS ($2.00) SHALL BE CHARGED
BY THE DEPARTMENT FOR EVERY CERTIFICATE OF TITLE
ISSUED BY IT, INCLUDING A TRANSFER OF TITLE, AND A
FEE OF TWO DOLLARS ($2.00) SHALL BE CHARGED FOR
EVERY DUPLICATE AND/OR CORRECTED CERTIFICATE
OF TITLE ISSUED BY THE DEPARTMENT. SUCH FEES
SHALL ACCOMPANY EACH APPLICATION.

(B)  EXCEPT AS PROVIDED IN SECTION 4B, IN SECTION
4D (B) AND IN SUBSECTION (C) OF THIS SECTION, AND IN
ADDITION TO THE FEES PRESCRIBED IN SUBSECTION (A)
OF THIS SECTION, A TAX IS HEREBY LEVIED ON THE IS-