WILLIAM DONALD SCHAEFER, Governor                        H.B. 408

(3) (i) Is a second-stage manufacturer as defined in § 13-113.2(a)(7) of
this article; and

(ii) Deals only in Class E (truck) vehicles with a gross weight limit of
10,000 pounds or more, as defined in § 13-916 of this article.

(f) A manufacturer or distributor, or a person who is acting for a partnership or
corporation that is owned or controlled by or under common control with a manufacturer
or distributor, may not sell a new vehicle to a retail buyer.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 1993.

May 27, 1993

The Honorable R. Clayton Mitchell, Jr.
Speaker of the House of Delegates
State House
Annapolis, Maryland 21401

Dear Mr. Speaker:

In accordance with Article II, Section 17 of the Maryland Constitution, I have today
vetoed House Bill 408.

This bill would provide that affiliates of trust companies are jointly and severally liable for
claims against trust companies when the trust companies are acting as trustees of bond
indentures or similar bond issuances.

Senate Bill 460, which was passed by the General Assembly and signed by me on May 27,
1993, accomplishes the same purpose. Therefore, it is not necessary for me to sign House
Bill 408.

Sincerely,

William Donald Schaefer

Governor

House Bill No. 408

AN ACT concerning

Trust Companies - Affiliates - Liability

FOR the purpose of requiring that an affiliate of a certain trust company be jointly and
severally liable for claims against the trust company when the trust company acts as
a trustee of bond indentures or similar debt issuances; and generally relating to the
liability of trust companies and their affiliates.

BY adding to

Article - Estates and Trusts
Section 15-113

- 3479 -