1292                               Laws of Maryland                          Ch. 530

EXTENDED PRIOR TO THE DATE OF EXPIRATION OF THE
BOND SHALL BE AUTOMATICALLY SUSPENDED AND THE
DEPARTMENT SHALL IMMEDIATELY NOTIFY HIM OF THE
SUSPENSION EXCEPT IN THE CASE OF BOAT TRAILER
DEALERS AND THOSE TRAILER DEALERS DEALING EX-
CLUSIVELY IN TRAILERS FIFTEEN (15) FEET OR LESS IN
LENGTH. SUCH DEALERS SHALL FILE WITH THE DEPART-
MENT ACCEPTABLE EVIDENCE OF A SURETY BOND IN
SUCH FORM AS THE DEPARTMENT SHALL APPROVE IN
THE SUM OF ONE THOUSAND DOLLARS ($1,000) FOR THE
USE AND BENEFIT OF THE DEPARTMENT AND THE PUB-
LIC WHO MAY SUFFER OR SUSTAIN ANY LOSS BY REASON
OF ANY VIOLATION OF SECTIONS 29, 46, 47, 49, 61, 62, [OR 63]
63, OR 176B OF THIS ARTICLE BY A BOAT TRAILER DEALER
OR TRAILER DEALER DEALING EXCLUSIVELY IN TRAIL-
ERS FIFTEEN (15) FEET OR LESS IN LENGTH, AND THE
LICENSE OF ANY BOAT TRAILER DEALER OR TRAILER
DEALER DEALING EXCLUSIVELY IN TRAILERS FIFTEEN
(15) FEET OR LESS IN LENGTH UNDER THIS ARTICLE
WHO FAILS TO FILE ACCEPTABLE EVIDENCE THAT THE
BOND REQUIRED HEREIN HAS BEEN EXTENDED PRIOR
TO THE DATE OF EXPIRATION OF THE BOND SHALL BE
AUTOMATICALLY SUSPENDED AND THE DEPARTMENT
SHALL IMMEDIATELY NOTIFY HIM OF SUSPENSION; (VII)
THE FEE OF FIFTEEN DOLLARS ($15.00) IS PAID TO THE
DEPARTMENT FOR THE DEALER'S LICENSE, USED CAR
DEALER'S LICENSE, MOTORCYCLE DEALER'S LICENSE,
AND TRAILER DEALER'S LICENSE, REGARDLESS OF THE
NUMBER OF THE BUSINESS LOCATIONS, FOR EACH YEAR
OR PART THEREOF, AND THE FEE OF TEN DOLLARS ($10.)
IS PAID TO THE DEPARTMENT FOR THE LICENSE ISSUED
TO DEALERS IN BOAT TRAILERS AND DEALERS DEALING
EXCLUSIVELY IN TRAILERS OF A LENGTH FIFTEEN (15)
FEET OR LESS, INCLUDING THE ISSUANCE OF ONE SALES-
MAN'S LICENSE FOR THIS FEE; AND (VIII) THE APPLI-
CANT IS LICENSED BY THE DEPARTMENT.

61.

(a) (5) A license shall not be issued as a registered dealer to a
partnership as such, nor to a corporation as such, but only to indi-
viduals authorized to act for such partnership or corporation who
shall assume all responsibilities as individuals, and be subject to all
of the penalties, conditions and restrictions imposed upon licensees
under the provisions of this Article. If the application is made for
a partnership, the license shall be applied for and be issued to all
the partners as individuals, and if the application is made for a
corporation, the license shall be applied for by and be issued to three
of the officers of such corporation.

(b) (2) (ii) Every licensed salesman shall provide acceptable
evidence of a corporate bond in the sum of [one thousand dollars
($1,000)] five thousand dollars ($5,000) for the use and benefit of

the Department and public who may suffer or sustain any loss by

reason of a violation of [Sections 29, 46, 47, 49, 61, 62 or 63] any

salesman. The license of any salesman under this article who fails
to file acceptable evidence that the bond required herein has been