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Session Laws, 1970
Volume 695, Page 1336   View pdf image
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1336                               Laws of Maryland                          Ch. 534

hides held for sale shall be available for inspection by representatives
of the department and by police officers during regular business
hours.

(by If ownership of a vehicle held by a registered dealer for
sale is transferred to another registered dealer who holds the ve-
hicle for sale, the transferring dealer, without applying for a new
certificate of title, shall execute an assignment of title to the trans-
feree dealer on forms prescribed by the department. Such assign-
ment shall include a statement certifying all liens and encum-
brances on the vehicle.

(c)    If ownership of a vehicle held by a registered dealer for
sale is transferred to someone other than another registered dealer
who holds the vehicle for sale, the transferring dealer shall execute
and acknowledge an assignment and warranty of title in the manner
and upon the form prescribed by the department, and in addition
shall comply with the following:

1.    If the vehicle is a class A vehicle which to to be registered
and titled in this State, the transferring dealer shall obtain from the
transferee the written application for a certificate of title and the
prescribed fee therefor, and forward the same, together with all
other documents required by section 3-104
, to the department within
10 days from the date of delivery of the vehicle;

2.    If the vehicle is to be registered and titled in this State, and is
not a class A vehicle, the transferring dealer, within 10 days from
the date of delivery of the vehicle, shall either (i) deliver the certif-
icate of title to the transferee, or (ii) upon request of the transferee,
forward to the department the transferee's written application for a
certificate of title, the prescribed fees therefor, and all other docu-
ments required by section 3-104.

3.    If the vehicle is not to be titled in this State and is to be
registered in another state, the transferring dealer, within 10 days
from the date of delivery of the vehicle, shall deliver the certificate
of title to the transferee.

(d)    Dealers who collect any tax or the prescribed fees for titling
Class A vehicles shall keep complete and accurate records of all tax-
able sales together with a record of the tax collected thereon and
shall keep all copies of invoices, bills of sale, and other pertinent
records and documents in such form as the department, by regula-
tion, may require. These records and other documents shall be open
at any time during business hours for inspection and examination
by police officers and duly authorized representatives of the depart-
ment and shall be preserved in original form for a period of 3 years
unless the department in writing consents to their destruction within
that period or by order requires that they be kept for a longer
period.

§ 3-113.1. Manufacturer's certificate of origin.

(a) Any manufacturer transferring a new vehicle to a dealer
shall supply the dealer, at the time of the transfer, with a manu-
facturer's certificate of origin. Any dealer transferring a new vehicle
to another dealer, at the time of the transfer, shall give the transferee
the proper manufacturer's certificate of origin assigned to the trans-
feree, and each dealer shall hold an unexpired franchise in this State
for the particular make of vehicle.


 

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Session Laws, 1970
Volume 695, Page 1336   View pdf image
 Jump to  
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