Maryland § 19-401
Full text of Maryland Maryland Code § 19-401, with citation guidance and answers to common questions.
§ 19-401.
(a) In this subtitle the following words have the meanings indicated.
(b) “Beneficial owner” means a person for whose benefit a boat broker is entrusted to hold money.
(c) “Boat” means any vessel that is propelled by sail or machinery in the water.
(d) “Boat broker” means a person who provides boat brokerage services for another person.
(e) “Boat broker trust account” means an account that a broker maintains at a financial institution for the deposit of trust money.
(f) “Boat brokerage services” means to engage in any of the following activities for an expectation of compensation:
(1) selling a boat, offering to sell a boat, or negotiating to sell a boat;
(2) buying a boat, offering to buy a boat, or negotiating to buy a boat;
(3) soliciting or obtaining a listing of a boat; or
(4) negotiating the purchase, sale, or exchange of a boat.
(g) “Trust money” means a deposit, payment, or other money that a person entrusts to a boat broker to hold for the benefit of the person or a beneficial owner.
Frequently Asked Questions About Maryland § 19-401
What does Maryland Code § 19-401 cover?
Section 19-401 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 19-401?
A common citation format is "Maryland Code § 19-401" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 19-401 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.