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The Annotated Code of the Public Civil Laws of Maryland, 1911
Volume 372, Page 298   View pdf image (33K)
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298 BILLS OF EXCHANGE AND PROMISSORY NOTES. [ART. 13

tested for non-payment. If it is not so protested, the drawer and
indorsers are discharged. Where a bill does not appear on its face to
be a foreign bill, protest thereof in case of dishonor is unnecessary.

As to the protest of a bill of exchange being required to justify an executor
in making payment or distribution, see art. 93, sec. 88.

1904, art. 13, sec. 172. 1898, ch. 119.

172. The protest must be annexed to the bill, or must contain a
copy thereof, and must be under the hand and seal of the notary making
it, and must specify:

1. The time and place of presentment;

2. The fact that presentment was made and the manner thereof;

3. The cause or reason for protesting the bill;

4. The demand made and the answer given, if any, or the fact that
the drawee or acceptor could not be found.

Ibid. sec. 173. 1898, ch. 119.
173. Protest may be made by :

1. A notary public; or

2. By any respectable resident of the place where the bill is dis-
honored, in the presence of two or more credible witnesses.

As to the power of notaries public to take protests, see art. 68, sec. 4.

Ibid. sec. 174. 1898, ch. 119.

174. When a bill is protested, such protest must be made on the
day of its dishonor, unless delay is excused as herein provided. When
a bill has been duly noted, the protest may be subsequently extended
as to the date of the noting.

Ibid. sec. 175. 1898, ch. 119.

175. A bill must be protested at the place where it is dishonored,
except that when a bill drawn payable at the place of business or resi-
dence of some person other than the drawee, has been dishonored by
non-acceptance, it must be protested for non-payment at the place where
it is expressed to be payable, and no further presentment for payment
to, or demand on, the drawee is necessary.

Ibid. sec. 176. 1898, ch. 119.

176. A bill which has been protested for non-acceptance may be
subsequently protested for non-payment.

Ibid. sec. 177. 1898, ch. 119.

177. Where the acceptor has been adjudged a bankrupt or an insol-
vent, or has made an assignment for the benefit of creditors, before the
bill matures, the holder may cause the bill to be protested for better
security against the drawer and indorsers.

 

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The Annotated Code of the Public Civil Laws of Maryland, 1911
Volume 372, Page 298   View pdf image (33K)
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