Md. Code, Transportation § 11-152
This is the official text of Md. Code, Transportation § 11-152, part of Maryland’s Code, Transportation — governs vehicles, drivers, and roadways.
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§11–152.
Official statutory text
(a) “Salvage” means any vehicle that:
(1) Has been damaged by collision, fire, flood, accident, trespass, or other occurrence to the extent that the cost to repair the vehicle for legal operation on a highway exceeds 75% of the fair market value of the vehicle prior to sustaining the damage, as determined under § 13–506(c)(4) of this article;
(2) Has been acquired by an insurance company as a result of a claim settlement; or
(3) Has been acquired by an automotive dismantler and recycler:
(i) As an abandoned vehicle, as defined under § 25–201 of this article; or
(ii) For rebuilding or for use as parts only.
(b) For purposes of this section, a vehicle has not been acquired by an insurance company if an owner retains possession of the vehicle upon settlement of a claim concerning the vehicle by the insurance company.
(1) Has been damaged by collision, fire, flood, accident, trespass, or other occurrence to the extent that the cost to repair the vehicle for legal operation on a highway exceeds 75% of the fair market value of the vehicle prior to sustaining the damage, as determined under § 13–506(c)(4) of this article;
(2) Has been acquired by an insurance company as a result of a claim settlement; or
(3) Has been acquired by an automotive dismantler and recycler:
(i) As an abandoned vehicle, as defined under § 25–201 of this article; or
(ii) For rebuilding or for use as parts only.
(b) For purposes of this section, a vehicle has not been acquired by an insurance company if an owner retains possession of the vehicle upon settlement of a claim concerning the vehicle by the insurance company.
Status: in_force · Read it on the official government site
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