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The Annotated Code of the Public General Laws of Maryland, 1924
Volume 375, Page 1194   View pdf image (33K)
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1194 ARTICLE 29.

ARTICLE 29.

CURRENCY.

1. What coins recognized as.
2. Accounts to be expressed in dollars and
cents.
3. Judgments, decrees, fines and penalties
to be expressed in dollars and cents.
4. Banks alone authorized to issue and
circulate paper security as; penalty.
5. Persons passing or circulating such;
penalty.

6. Licensed persons issuing or receiving
such; penalty.
7. Qualifications of secs. 4-6.
8. Preceding sections liberally construed.
9. Foreign currency less than five dollars
not to be circulated; penalty.
10. Fine for violation of sec. 9.
11. Commitment of persons not paying
fine.

An. Code, sec. 1. 1904, sec. 1. 1888, sec. 1. 1812, ch. 135, sec. 1.

1. The species of coins which have been and which may be struck off
at the mint of the United States and the rates of foreign coins as have been
or shall be severally regulated and-established by congress shall be taken
and recognized as the currency of this State.

This section does not affect the question of the right of plaintiff to recover the
amount of money which in this country is equivalent to amount due in the country
where debt was made payable. Marburg v. Marburg, 26 Md. 21.

This section, in connection with sec. 2, is an express recognition of " dollars and
cents " as the currency of this state. Gardner v. State, 25 Md. 150.

Where contract calls for payment in a certain currency, judgment should be
entered accordingly. This section applied. Chesapeake Bank v. Swain, 29 Md. 506.

An. Code, sec. 2. 1904, sec. 2. 1888, sec. 2. 1812, ch. 135, sec. 2.

2. All accounts in this State shall be expressed in dollars and cents; and
all accounts in the public offices and all proceedings in the courts of this
State shall be kept and had in conformity with this regulation.

This section, in connection with sec. 1, is an express recognition of " dollars and
cents " as the currency of this state. Gardner v. State, 25 Md. 150.

An. Code, sec. 3. 1904, sec. 3. 1888, sec. 3. 1806, ch. 41, sec. 5. 1812, ch. 135, sec. 3.

3. All judgments and decrees in suits and actions to be rendered and
passed in any court of law or equity or by any justice of the peace in this
State and all penalties, fines and forfeitures shall be rendered, given, made
or imposed in dollars and cents.

This section does not affect question of right of plaintiff to recover the amount of
money which in this country is equivalent to amount due in country where the
debt was made payable. Marburg v. Marburg, 26 Md. 21.

An. Code, sec. 4. 1904, sec. 4. 1888, sec. 4. 1841, ch. 321, sec. 1.

4. No person or association of persons or corporation, except the banks
of this State, shall issue or put in circulation as currency any promissory

 

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The Annotated Code of the Public General Laws of Maryland, 1924
Volume 375, Page 1194   View pdf image (33K)
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