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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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LOCAL GOVERNMENT |
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DIVISION III. COUNTIES |
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TITLE 13. OTHER POWERS OF COUNTIES -- REGULATORY |
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SUBTITLE 3. TRANSIENT VENDORS |
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PART I. TRANSIENT VENDORS |
§ 13-307. Bond
Latest version.
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(a) Required. --
(1) An applicant for a transient vendor license shall execute and file a bond with the county commissioners of the county in the amount of $ 10,000.
(2) The bond shall be issued by a surety:
(i) authorized to do business in the State; and
(ii) approved by the county commissioners.
(b) Requirements. --
(1) The bond shall be payable to the extent of any taxes, fees, or fines.
(2) The surety shall indemnify a purchaser who suffers a loss because of defective goods or misrepresentation.
(c) Enforcement. --
(1) The bond shall provide that the county commissioners of a county may file suit against the licensee or the surety for taxes, fees, or fines due from the licensee that are not paid within 30 days after the termination of:
(i) a sale authorized under this part; or
(ii) the transient vendor license.
(2) The bond shall provide that a purchaser at a sale may maintain an action for claims arising from the sale against a licensee or the surety.
(d) Termination. -- The bond shall continue in effect for at least 1 year after the termination of the transient vendor license expires and until:
(1) all actions are concluded and judgments have been satisfied; or
(2) the amount of the bond has been exhausted by payments on judgments.
(e) Bond in addition to other requirements. -- The bond shall be in addition to any deposit, license fee, permit fee, or other requirement under county law.