Ch. 563

LAWS OF MARYLAND

under § 4-613(b) of the revised title, which provides that
violation of § 4-612 ["Violations by corporation, partnership, or
other association"] is subject to a $5,000 fine.

III. Transfer of Provisions.

The provisions of former Art. 56, § 224C that required a
time-share developer to maintain all records of trust money in a
secured area within the office of the time-share developer and
authorized the Commission to summarily suspend the registration
of a time-share developer for failing to account for funds held
in trust or to display records are transferred to RP § 11A-121.

The provisions of former Art. 56, § 214(a) that related to
the current executive director of the Commission, who was
appointed before July 1, 1983., are transferred to the Session
Laws since any future application of those provisions will be
limited to the current executive director. Those provisions have
not been repealed in order to protect the status of the current
executive director of the Commission who was appointed under
those provisions.

IV. Deletion of former provisions.

The second sentence of former Art. 56, § 214(d), which
authorized the Attorney General to appoint an attorney to
represent the Commission at hearings, is deleted as unnecessary
in light of Art. 41, § 8-103(d), which provides for the provision
of legal services to the Department by the Attorney General.

The second clause Of former Art. 56, § 217(a), which
prevented a license from expiring because of a delay caused by
the Commission in the renewal process, is deleted as unnecessary
in light of the protection provided under SG § 10-404.

The third sentence of former Art. 56, § 217(c), which
provided for the renewal of licenses of individuals who held
their licenses on or before September 1, 1967, is deleted as
obsolete.

The fourth sentence of former Art. 56, § 217(c), which
provided for the designation of a substitute real estate broker
to act in the place of a broker who entered the armed services,
is deleted on the recommendation of the Joint Subcommittee on the
Business Occupations Article. The Subcommittee found the
provision to be obsolete.

The second sentence of former Art. 56, § 221(a), which
provided for the issuance of a "nonresident license" to a
Maryland resident who moves from the State, is deleted in
deference to the decision not to perpetuate, in this revision, a
meaningless distinction between resident and nonresident

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