EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW.
[Brackets] indicate matter deleted from existing law.
Underlining indicates amendments to bill.
Strike out indicates matter stricken from the bill by amendment or deleted from the law by
amendment.
*sb0023*
SENATE BILL 23
M1 5lr1152
(PRE–FILED) CF HB 425
By: Senator Bailey
Requested: October 9, 2024
Introduced and read first time: January 8, 2025
Assigned to: Education, Energy, and the Environment
Committee Report: Favorable
Senate action: Adopted
Read second time: February 9, 2025
CHAPTER ______
AN ACT concerning 1
Natural Resources – State Boat Act – Auctioneers 2
FOR the purpose of exempting certain auctioneers from certain provisions of the State Boat 3
Act; and generally relating to the State Boat Act. 4
BY repealing and reenacting, without amendments, 5
Article – Natural Resources 6
Section 8–701(a) 7
Annotated Code of Maryland 8
(2023 Replacement Volume and 2024 Supplement) 9
BY repealing and reenacting, with amendments, 10
Article – Natural Resources 11
Section 8–701(c) 12
Annotated Code of Maryland 13
(2023 Replacement Volume and 2024 Supplement) 14
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 15
That the Laws of Maryland read as follows: 16
Article – Natural Resources 17
8–701. 18
2 SENATE BILL 23
(a) In this subtitle the following words have the meanings indicated. 1
(c) (1) “Dealer” means any person who: 2
(i) Engages in whole or in part in the business of buying, selling, or 3
exchanging new and unused vessels or used vessels, or both, either outright or on 4
conditional sale, bailment, lease, chattel mortgage, or otherwise; and 5
(ii) Has an established place of business for sale, trade, and display 6
of vessels. 7
(2) “Dealer” includes: 8
(i) A yacht broker; and 9
(ii) A holder of a lien created under Title 16, Subtitle 2 of the 10
Commercial Law Article who sells the vessel pursuant to that title, including [an 11
auctioneer and] a company commonly known as a lien and recovery company. 12
(3) “DEALER” DOES NOT INCLUDE A LICENSED AUCTIONEE R ACTING 13
ON BEHALF OF A SELLE R, SECURED PARTY, OR OWNER AND WHERE T ITLE DOES NOT 14
PASS TO THE AUCTIONE ER AND THE AUCTION I S NOT FOR THE PURPOS E OF 15
AVOIDING THE P ROVISIONS OF THIS TI TLE. 16
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect July 17
1, 2025. 18
Approved:
________________________________________________________________________________
Governor.
________________________________________________________________________________
President of the Senate.
________________________________________________________________________________
Speaker of the House of Delegates.