§ 15-303. Partnerships and corporations
West's Annotated Code of MarylandTransportation
MD Code, Transportation, § 15-303
§ 15-303. Partnerships and corporations
(a) A license may not be issued to a partnership or corporation as such.
(b)(1) If an application for a license is made for a corporation, the license shall be applied for by and issued to three officers of the corporation who are authorized to act for it or, if it is a close corporation, at least one officer authorized to act for the close corporation.
(2) If an application is made for a partnership, the license shall be applied for and issued to all of the partners who are authorized to act for the partnership. However, as to any such partner that is a corporation, the application for the corporate partner shall be made by and issued to three officers of the corporate partner who are authorized to act for it or, if it is a close corporation, at least one officer authorized to act for the close corporation.
(c) Each individual who applies for a license under this section assumes, as an individual, all responsibilities of the dealership and, as an individual, is subject to all conditions, restrictions, and penalties imposed on licensed dealers by the Maryland Vehicle Law.1
Credits
Added by Acts 1977, c. 14, § 2, eff. July 1, 1977. Amended by Acts 1977, c. 492.
Formerly Art. 66 ½, § 5-103.1.
Footnotes
Transportation, § 11-101 et seq.
MD Code, Transportation, § 15-303, MD TRANS § 15-303
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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