{"data":{"id":"us-md/md.-code-business-regulation-19-402","jurisdiction":"us-md","citation":"Md. Code, Business Regulation § 19–402","heading":"","body":"(a) A boat broker shall place any trust moneys received in anticipation of a boat purchase into a boat broker trust account until the boat broker:\n(1) disburses the trust moneys to the beneficial owner on completion of the boat purchase; or\n(2) returns the trust moneys to the purchaser if the boat purchase is not completed.\n(b) A boat broker trust account established under this section shall be separate from the boat broker’s operating account.","path":["Article - Business Regulation"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gbr\u0026section=19-402","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:23Z","sha256":"44c25358557cab1ed7ea265baff980d84bde3a41ad2bba6f31efc5bf6652f735","source_id":"us-md","stale":false,"prev":"us-md/md.-code-business-regulation-19-401","next":"us-md/md.-code-business-regulation-19-501"},"notice":"GroundRules: Original legal text. Not legal advice."}