RCW 88.02.060
Registration of dealers -- Surety bond -- Fees.
(Effective until July 1, 2011. Recodified as RCW 88.02.710.)
(1) Each vessel dealer in this state shall register with the
department in the manner and upon forms prescribed by the
department, in accordance with rules adopted under chapter 34.05 RCW. After the completed vessel dealer application has been
satisfactorily filed and the applicant is eligible as determined
by the department's rules, the department shall, if no denial
proceeding is in effect, issue the vessel dealer's registration
on the basis of staggered annual expiration dates.
(2) Before issuing a vessel dealer's registration, the
department shall require the applicant to file with the
department a surety bond in the amount of five thousand dollars,
running to the state of Washington, and executed by a surety
company authorized to do business in the state of Washington. The bond shall be approved by the attorney general as to form and
conditioned that the dealer shall conduct his business in
conformity with the provisions of this chapter. Any vessel
consignor or purchaser who has suffered any loss or damage by
reason of any act or omission by a dealer that constitutes a
violation of this chapter may institute an action for recovery
against the dealer and the surety upon the bond. Successive
recoveries against the bond shall be permitted, but the aggregate
liability of the surety to all persons shall not exceed the
amount of the bond. Upon exhaustion of the penalty of the bond
or cancellation of the bond by the surety, the vessel dealer
registration shall automatically be deemed canceled.
(3) Vessel dealers selling fifteen vessels or fewer per year
having a retail value of no more than two thousand dollars each
shall not be subject to the provisions of subsection (2).
(4) For the fiscal biennium from July 1, 1987, through June
30, 1989, the registration fee for dealers shall be fifty dollars
per year for an original registration, and twenty-five dollars
for any subsequent renewal. In addition, a fee of twenty-five
dollars shall be collected for the first decal, fifteen dollars
for each additional decal, and fifteen dollars for each vessel
dealer display decal replacement. In ensuing biennia, the
director shall establish the amount of such fees at a sufficient
level to defray the costs of administering the vessel dealer
registration program. All such fees shall be fixed by rule
adopted by the director in accordance with the Administrative
Procedure Act, chapter 34.05 RCW. All fees collected under this
section shall be deposited with the state treasurer and credited
to the general fund.
[1987 c 149 § 1; 1983 c 7 § 19.]
NOTES:
Effective date -- 1987 c 149: "This act is necessary for the immediate preservation of the public peace, health, and safety, the support of the state government and its existing public institutions, and shall take effect July 1, 1987." [1987 c 149 § 15.]