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The Annotated Code of the Public Civil Laws of Maryland, 1911
Volume 372, Page 288   View pdf image (33K)
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'2S8 BILLS OF EXCHANGE AND PROMISSORY NOTES. [ART. 13

CHAPTER VIII—Notice of Dishonor.

1904, art, 13, sec. 108. 1898, ch. 119.

108. Except as herein otherwise provided, when a negotiable instru-
ment has been dishonored by non-acceptance or non-payment, notice of
dishonor must be given to the drawer and to each indorser, and any
drawer or indorser to whom such notice is not given is discharged.

Ibid. sec. 109. 1898. ch. 119.

109. The notice may be given by or on behalf of the holder or by or
on behalf of any party to the instrument who might be compelled to
pity it to the holder, and who, upon taking it up, would have a right'to
reimbursement from the party to whom the notice is given.

Ibid. sec. 110. 1898, ch. 119.

110. Notice of dishonor may be given by an agent either in his own
name or in the name of any party entitled to give notice, whether that
party be his principal or not.

Ibid. sec. 111. 1898, ch. 119.

111. Where notice is given by or on behalf of the holder, it enures
for the benefit of all subsequent holders and all prior parties who have
a right of recourse against the party to whom it is given.

Ibid. sec. 112. 1998, ch. 119.

112. Where notice is given by or on behalf of a party entitled to
give notice, it enures for the benefit of the holder and all parties subse-
quent to the party to whom notice is given.

Ibid. sec. 113. 1898, ch. 119.

113. Where the instrument has been dishonored in the hands of am
agent, he may either himself give notice to the parties liable thereon, or
he may give notice to his principal. If he gives notice to his principal,
he must do so within the same time as if he were the holder, and the
principal, upon the receipt of such notice, has himself the same time for
giving notice as if the agent had been an independent holder.

Ibid. sec. 114. 1898. ch. 119.

114. A written notice need not be signed and an insufficient written,
notice may be supplemented and validated by verbal communication. A
misdescription of the instrument does not vitiate the notice unless the
party to whom the notice is given is in fact misled thereby.

Ibid. sec. 115. 1898, ch. 119.

115. The notice may be in writing or merely oral, and may be given
in any terms which sufficiently identify the instrument, and indicate
that it has been dishonored by non-acceptance or non-payment. It may
in all cases be given by delivering it personally or through the mails.

 

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The Annotated Code of the Public Civil Laws of Maryland, 1911
Volume 372, Page 288   View pdf image (33K)
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