1126

LAWS OF MARYLAND

Ch.

425

Article 66 1/2 — Vehicle Laws

Section 1-146 and 3-113.3

Annotated Code of Maryland

(1970 Replacement Volume and 1975 Supplement)

BY adding to

Article 66 1/2 - Vehicle Laws

Section 3-113.1A

Annotated Code of Maryland

(1970 Replacement Volume and 1975 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Sections 1-146 and 3-113.3 of Article 66
1/2 — Vehicle Laws, of the Annotated Code of Maryland
(1970 Replacement Volume and 1975 Supplement) be and they
are hereby repealed and reenacted, with amendments, to
read as follows:

Article 66 1/2 — Vehicle Laws

1-146.

(A)         Manufacturer means a person engaged in the
business of constructing or assembling vehicles of a type
required to be registered under this article.

(B)         "MANUFACTURER" INCLUDES THE FIRST-STAGE
MANUFACTURER AND THE SECOND-STAGE MANUFACTURER OF A
TWO-STAGE VEHICLE.

3-113.3.

(A) Every manufacturer transferring a new Class A
motor vehicle to a dealer pursuant to [the provisions of
§ 3-113.1] §§ 3-113.1 OR 3-113.1A of this article or a
used Class A motor vehicle subject to a manufacturer's
express or implied warranty shall file and maintain with
the Administration acceptable evidence of a surety bond
in the form as the Administration shall approve. The
amount of the surety bond shall be based on the number of
Class A vehicles transferred by a manufacturer to dealers
in the State of Maryland during the preceding
registration year, according to the following schedule:

1 to 50 Class A vehicles — $25,000.00 surety
bond

51 to 500 Class A vehicles — $50,000.00
surety bond

501 to 10,000 Class A vehicles — $100,000.00
surety bond

Over 10,000 Class A vehicles — $300,000.00
surety bond.