# Business Regulation (GBR)

## Title 19. Miscellaneous State Business Regulation

### Subtitle 4. Boat Sales

#### Section 19-402

(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:

  (1) disburses the  trust moneys to the beneficial owner on completion of the boat purchase; or

  (2) returns the trust moneys to the purchaser if the boat purchase is not completed.

(b) A boat broker trust account established under this section shall be separate from the boat broker's operating account.

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Md. Code Ann., Bus. Reg. (as displayed at mgaleg.maryland.gov, October 16, 2026)