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Ch. 14
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848
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LAWS OF MARYLAND
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(IV) OVER 10,000 VEHICLES—$300,000 SURETY
BOND.
(2) EACH BOND SHALL REMAIN CONTINUOUSLY IN
THE AMOUNTS SPECIFIED IN THIS SUBSECTION.
(3) A MANUFACTURER OR DISTRIBUTOR NEED FILE
ONLY ONE BOND, REGARDLESS OF THE NUMBER OF MAKES OF MOTOR
VEHICLES MANUFACTURED OR DISTRIBUTED.
REVISOR'S NOTE: This section is new language derived
from Art. 66 1/2, §§ 3-113.3(a) and (c) and
5-703(e).
The present references in §3—113.3(a) to the
transfer of "a new Class A motor vehicle ...
pursuant to §§ 13-113.1 or 3-113.1A of this
article or a used Class A motor vehicle" are
deleted as unnecessary and misleading; the
bond requirement applies only to manufacturers
of "new" Class A vehicles (cf., subsection (b)
of this section), who are required to file the
bond in conjunction with an application for a
license (This is to be distinguished from the
nature of the bond, which runs to the benefit
of the buyers of these vehicles, whether as
new or used; see §15—103(a) (2) of this title.)
Also, the present reference to the required
filing of "acceptable evidence of" a surety
bond is deleted as misleading since filing of
the bond itself is required by the
Administration.
The reference in subsection (a) of this
section to approval of the "surety" by the
Administration is added for clarity and to
conform to similar provisions in each of the
other subtitles of this title.
Subsection (a) of this section also is revised
to conform the time of filing for persons
licensed under this subtitle to that required
for all other persons licensed under this
title.
In subsection (b) of this section, the more
correct term "license year" is substituted for
"registration year". Also, the word "new" is
added to clarify the present reference to
"Class A vehicles"; see §15-101 (c) of this
title.
The only other changes are in style.
15-206. SCOPE OF LICENSE.
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A LICENSE ISSUED UNDER THIS SUBTITLE AUTHORIZES THE
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