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Ch. 14
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862
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LAWS OF MARYLAND
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In subsection (a) of this section, the term
"license year" is substituted for the
erroneous reference to a "calendar year"; see
§15-108(a) of this title, which provides for a
May 1 to April 30 license year.
In subsection (b) of this section, a reference
to "semitrailers" is added for clarity.
In subsection (c) of this section, the
reference to the inclusion of one "salesman's
license" in the dealer's license fee has been
expanded, without substantive change, for
clarity and to conform to present practice.
The only other changes are in style.
15-308. DEALER'S BOND.
(A) BOND REQUIRED.
AFTER THE ADMINISTRATION NOTIFIES AN APPLICANT OF
THE APPROVAL OF AN APPLICATION AND BEFORE THE
ADMINISTRATION ISSUES A LICENSE, THE APPLICANT SHALL FILE
WITH THE ADMINISTRATION A SURETY BOND IN THE FORM AND
WITH THE SURETY THAT THE ADMINISTRATION APPROVES.
(B) AMOUNT OF BOND.
THE AMOUNT OF THE SURETY BOND SHALL BE:
(I) FOR A LICENSEE MHO IS LICENSED TO DEAL
ONLY IN TRAILERS OR SEMITRAILERS 15 FEET OR LESS IN
LENGTH, OR ONLY IN BOAT TRAILERS OF ANY SIZE - $1,000;
AND
(II) FOR ANY OTHER LICENSEE - $15,000.
REVISOR'S NOTE: This section presently appears as
Art. 66 1/2, §5-108.
In subsection (b) of this section, a reference
to "semitrailers" is added for clarity.
The second sentence of present Art. 66 1/2,
§5-108(a), which concerns the use of the bond,
and present §5-108(c), which provides for
automatic suspension of a license on
termination of a bond, are deleted as already
covered by the standard provisions of §15—103
of this title.
The only other changes are in style.
15-309. SCOPE OF LICENSE.
A LICENSE ISSUED UNDER THIS SUBTITLE AUTHORIZES THE
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