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Ch. 14
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688
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LAWS OF MARYLAND
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in the present reference to "liens ... or
encumbrances." It may well have been intended
as nothing more than an obsolete reference to
a "security interest", as defined in §11-157
of this article. Since the term "security
interest" is added to this subsection as noted
above, the additional references to "liens or
encumbrances" arguably would be superfluous
and should be deleted. This interpretation is
supported by §13—107(a)(3) of this subtitle,
which provides only for the listing of
security interests on the original certificate
of title; to require more information on an
assignment of a certificate than on the
original certificate itself would be somewhat
inconsistent.
Nevertheless, the terms are retained to avoid
a possible substantive change; in this regard,
see, also, the related discussion in the
revisor's note to §13-104 of this subtitle.
13-113. TRANSFERS TO OR FROM DEALERS OR WRECKERS
GENERALLY.
(A) CERTIFICATE OF TITLE TO BE RETAINED BY
TRANSFEREE DEALER.
(1) IF THE TRANSFEREE OF A VEHICLE IS A
LICENSED DEALER WHO HOLDS THE VEHICLE FOR SALE, THE
DEALER SHALL:
(1) WITHIN 10 DAYS OF THE DATE OF THE
TRANSFER TO THE DEALER OF THE VEHICLE, OBTAIN THE
CERTIFICATE OF TITLE OF THE VEHICLE, WHICH SHALL CONTAIN
AN ASSIGNMENT AND WARRANTY OF TITLE EXECUTED BY THE
FORMER OWNER; AND
(II) RETAIN THE CERTIFICATE OF TITLE IN HIS
POSSESSION UNTIL THE FURTHER SALE OR TRANSFER OF
OWNERSHIP OF THE VEHICLE.
(2) DURING BUSINESS HOURS, THE LICENSED
DEALER SHALL ALLOW ANY REPRESENTATIVE OF THE
ADMINISTRATION AND ANY POLICE OFFICER FULL ACCESS TO ALL
CERTIFICATES OF TITLE OF VEHICLES HELD BY HIM FOR SALE.
(B) TRANSFER BY DEALER TO ANOTHER DEALER.
IF A LICENSED DEALER HOLDS A VEHICLE FOR SALE AND
TRANSFERS THE VEHICLE TO ANOTHER LICENSED DEALER WHO
HOLDS THE VEHICLE FOR SALE, THE TRANSFERRING DEALER,
WITHOUT APPLYING FOR A NEW CERTIFICATE OF TITLE, SHALL:
(1) EXECUTE AN ASSIGNMENT OF TITLE TO THE
TRANSFEREE DEALER IN THE MANNER AND ON THE FORM THAT THE
ADMINISTRATION REQUIRES; AND
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