Ch. 503                                    1994 LAWS OF MARYLAND

Annotated Code of Maryland

(1992 Replacement Volume and 1993 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Transportation

15-305.1.

(a)     A wholesale dealer who is licensed by the Administration under this subtitle:

(1)    May buy a vehicle from [,] ANOTHER DEALER, AT AN AUTO AUCTION,
OR FROM A RETAIL SELLER;

(2)      MAY sell a vehicle to[,] or exchange vehicles only with another dealer
or auto auction;

(3)     EXCEPT AS PROVIDED IN PARAGRAPH (4) OF THIS SUBSECTION, MAY
SELL A VEHICLE OR EXCHANGE VEHICLES AT AN AUTO AUCTION;

[(2)](3) (4) May not [buy a vehicle from,] sell a vehicle to[,] or
exchange vehicles with a retail buyer; and

[(3)](4) (5) May not buy, sell, or exchange new vehicles.

(b)     A wholesale dealer shall keep a record of the following:                       

(1)     The year, make, model, and identification number of a vehicle that is
bought, sold, or exchanged;

(2)     The date that a vehicle-is bought, sold, or exchanged;                 

(3)     The amount for which a vehicle is bought or sold;

(4)     The name, address, and license number of the other [dealer] PERSON
with whom the wholesale dealer conducts a purchase, sale, or exchange;

(5)     The odometer mileage statement for a vehicle that is required under the
Federal Motor Vehicle Information and Cost Act; and

(6)     Each invoice, bill of sale, and other pertinent document and record in
the form required by the Administration.

15-310.

Each license shall state:

(1)     The type of vehicles in which the licensee may deal;

(2)     The locations from which the licensee may deal in that type of vehicle;

(3)     If it is a license to deal in new vehicles, the make of new vehicles in
which the licensee may deal;

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