Volume 793, Page 4258 View pdf image |
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H.B. 817 VETOES 25-207. (a) [If] EXCEPT AS PROVIDED IN SUBSECTION (E) OF THIS SECTION, IF an (b) The buyer of the vehicle at auction: (1) Takes ownership of the vehicle free and clear of any claim of ownership (2) Is entitled to a sales receipt, on a form that is approved by the (3) Is entitled to obtain a salvage certificate for the vehicle; and (4) May obtain a certificate of title under § 13-507 of this article. (c) The sales receipt, on a form that is approved by the Administration, is (d) Except as otherwise provided in this subtitle: (1) From the proceeds of the sale of an abandoned vehicle, the police (2) Any remaining proceeds of the sale shall be held for 90 days for the (i) The treasury of the county in which the sale was made; or (ii) In the case of a municipality that conducts the sale, the treasury of (E) (1) AFTER SATISFYING THE REQUIREMENTS FOR OBTAINING A (2) (I) IF THERE IS A SECURED PARTY WITH AN INTEREST IN THE (II) IF THE VEHICLE IS OWNED BY A LESSOR UNDER A LEASE NOT - 4258 -
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Volume 793, Page 4258 View pdf image |
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