Ch. 434                                        199.4 LAWS OF MARYLAND

(2) If the transferee intends to continue to use the [yacht] VESSEL
principally on the waters of the State, the transferee shall submit an application for
[validation] A MARYLAND USE STICKER and pay the fee as required by subsection (b)
of this section.

(d)     The [validation] MARYLAND USE sticker shall be displayed on or about the
forward half of the [yacht] VESSEL.

(e)      Unless the [yacht] VESSEL that is subject to the [validation] requirement of
this section displays a current [validation] sticker:

(1)      A person may not operate the [yacht] VESSEL on the waters of the
State; and

(2)     The owner may not knowingly permit the [yacht] VESSEL to be
operated on the waters of the State.

8-714..

(a)      If a licensed dealer or manufacturer owns a vessel mainly used in the dealer's
or manufacturer's business and held for sale and that otherwise is required to be
numbered under this title, the dealer or manufacturer may apply to the Department for
the issuance of as many dealer's or manufacturer's certificates of number as are required
for the normal operation of business and as the Department authorizes. A broker
licensed as a dealer may not obtain manufacturer's or dealer's certificates.

(b) Numbers displayed by authority of manufacturer's or dealer's certificates of
number may be transferred from 1 vessel to another vessel owned by the manufacturer or
dealer and may be affixed in a temporary manner. These numbers shall be used only on
vessels demonstrated, tested, or owned by the manufacturer or dealer, and these numbers
are not valid for use on the vessels when chartered, rented, or leased by the manufacturer
or dealer.

(c) Each application for the manufacturer's or dealer's certificates of number
shall be on forms the Department approves and be accompanied by [an annual] A fee of
[$12] $24. The certificate of number issued under this section [expires] IS VALID FOR A
PERIOD. NOT TO EXCEED 2 YEARS AND SHALL EXPIRE ON December 31 [of each year
it] OF THE CALENDAR YEAR FOLLOWING. THE YEAR THE CERTIFICATE is issued.

8-716.

(b)     The Department shall charge a [2] $4 fee to issue a certificate of title [,]
OR a transfer of title [, or a duplicate or corrected certificate of title]. THE
DEPARTMENT. SHALL CHARGE A $2. FEE, TO, ISSUE A DUPLICATE OR CORRECTED.
TITLE.

8-716.1.

(d) (1) If a person obligated to pay the tax fails to pay the tax when due, there
shall be assessed against the person, in addition to the tax due, a penalty of 10% plus
interest at the rate of 1.5% per month or fraction of a month from the time the tax was
due until paid. This penalty and interest may be waived by the Secretary if, within [10]

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