Volume 807, Page 18 View pdf image |
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Ch. 2 1991 LAWS OF MARYLAND (3) For every other vehicle - $1] SHALL BE ESTABLISHED BY THE 13-804. For the purpose of enforcing Title 23 of this article ("Inspection of Used Vehicles 13-805. For the issuance of a duplicate certificate of title, issued under § 13-111 of this title 13-809. (a) (1) In this section the following words have the meanings indicated. (2) "Fair market value" means: (i) As to the sale of any new or used vehicle by a licensed dealer, the (ii) As to a used vehicle that is sold by any person other than a licensed 1. The total purchase price; or 2. [$300] $500; (iii) As to any other used vehicle that is sold by any person other than 1. The greater of the total purchase price, if verified by means 2. In the case where the bill of sale does not accompany the (iv) In any other case, the total purchase price or the valuation shown (3) "Total purchase price" means the price of a vehicle agreed on by the - 18 -
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Volume 807, Page 18 View pdf image |
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