clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e

PLEASE NOTE: The searchable text below was computer generated and may contain typographical errors. Numerical typos are particularly troubling. Click “View pdf” to see the original document.

  Maryland State Archives | Index | Help | Search
search for:
clear space
white space
The Annotated Code of the Public General Laws of Maryland, 1924
Volume 375, Page 367   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

BILLS OF EXCHANGE AND PEOMISSOEY NOTES. 367

An. Code, sec. 27. 1904, sec. 27. 1898, ch. 119.

27. The instrument is payable to order where it is drawn payable to
the order of a specified person, or to him or his order. It may be drawn
payable to the order of:

1. A payee who is not maker, drawer or drawee; or

2. The drawer or maker; or

3. The drawee; or

4. Two or more payees jointly; or

5. One or some of several payees; or

6. The holder of an office for the time being.

When the instrument is payable to order, the payee must be named or
otherwise indicated therein with reasonable certainty.

The portion of this section providing that a note may be payable to the order
of the maker, referred to in overruling the contention that in order for a man to
be a holder in due course, " there must be two transactions, one between the
maker and payee and the other between the payee and the plaintiff." Dolph v.
Stubblefield, 135 Md. 157.

An. Code, sec. 28. 1904, sec. 28. 1898, ch. 119.
28. The instrument is payable to bearer:

1. When it is expressed to be so payable; or

2. When it is payable to a person named therein or bearer; or

3. When it is payable to the order of a fictitious or non-existing person,
and such fact was known to the person making it so payable; or

4. When the name of the payee does not purport to be the name of any
person; or

5. When the only or last indorsement is an indorsement in blank.

An. Code, sec. 29. 1904, sec. 29. 1898, ch. 119.

29. The instrument need not follow the language of this act, but any
terms are sufficient which clearly indicate an intention to conform to the
requirements hereof...

An. Code, sec. 30. 1904, sec. 30. 1898, ch. 119.

30. Where the instrument or an acceptance or any indorsement thereon
is dated, such date is deemed prima facie to be the true date of the making,
drawing, acceptance or indorsement, as the case may be.

An. Code, sec. 31. 1904, sec. 31. 1898, ch. 119. .

31. The instrument is not invalid for the reason only that it is ante-
dated or post-dated, provided this is not done for. an illegal or fraudulent
purpose. The person to whom an instrument so dated is delivered acquires
the title thereto as of the date of delivery.

An. Code, sec. 32. 1904, sec. 32. 1898, ch. 119.

32. Where an instrument expressed to be payable at a fixed period after
date is issued undated, or where the acceptance of an instrument payable
at a fixed period after sight is undated, any holder may insert therein the

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
The Annotated Code of the Public General Laws of Maryland, 1924
Volume 375, Page 367   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  October 06, 2023
Maryland State Archives