§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.