Volume 801, Page 2581 View pdf image |
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ROBERT L. EHRLICH, JR., Governor Ch. 545 Annotated Code of Maryland (2002 Replacement Volume and 2003 Supplement) BY repealing and reenacting, without amendments, Chapter 361 of the Acts of the General Assembly of 2001 BY repealing and reenacting, with amendments, Chapter 361 of the Acts of the General Assembly of 2001 SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF Article - Transportation 13-809. (a) (1) In this section the following words have the meanings indicated. (2) "Fair market value" means: (i) Except as provided in item (iv) of this paragraph, as to the sale (ii) As to a used vehicle that is sold by any person other than a 1. The total purchase price; or 2. $640; (iii) As to any other used vehicle that is sold by any person other 1. The total purchase price, if the total purchase price is less 2. If the total purchase price is $500 or more below the retail A. The total purchase price, if verified to the satisfaction of B. The valuation shown in the national publication of used - 2581 -
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Volume 801, Page 2581 View pdf image |
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