PARRIS N. GLENDENING, Governor Ch. 215

Article - Natural Resources

8-721.

(h) The Department may NOT delegate the Department's authority to remove and
dispose of abandoned vessels under this section to any local jurisdiction THAT CONSENTS
TO THE DELEGATION.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 1997.

Approved April 29, 1997.

CHAPTER 215
(House Bill 116)

AN ACT concerning

Repossessed Vessels - Certificate of Title

FOR the purpose of repealing a requirement that a lienholder repossessing a vessel
secure a new certificate of title; authorizing the Department of Natural Resources
under certain circumstances to transfer on its records the ownership of a vessel that
has been repossessed by a secured party; providing for a delayed effective date; and
generally relating to the transfer of title to a vessel that has been repossessed by a
secured party.

BY repealing

Article - Natural Resources

Section 8-720(b)

Annotated Code of Maryland

(1990 Replacement Volume and 1996 Supplement)

BY adding to

Article - Natural Resources

Section 8-720(b)

Annotated Code of Maryland

(1990 Replacement Volume and 1996 Supplement)

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

Article - Natural Resources

8-720.

[(b) If a lienholder repossesses a vessel by operation of law and holds the vessel for
resale, the lienholder shall secure a new certificate of title but the lienholder is not
required to pay the title tax but shall pay the other required fees.]

- 1949 -