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The Annotated Code of the Public General Laws of Maryland, 1924
Volume 375, Page 392   View pdf image (33K)
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392 ARTICLE 13.

An. Code, sec. 174...1904, 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.

An. Code, sec. 175. 1904, sec. 175. 1898, ch. 119.

175. A bill must be protested at the place where it is dishonored, ex-
cept that when a bill drawn payable at the place of business or residence
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.

An. Code, sec. 176. 1904, sec. 176. 1898, ch. 119.

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

An. Code, sec. 177. 1904, sec. 177. 1898, ch. 119.

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

An. Code, sec. 178. 1904, sec. 178. 1898, ch. 119.

178. Protest is dispensed with by any circumstances which would
dispense with notice of dishonor. Delay in noting or protesting is excused
when delay is caused by circumstances beyond the control of the holder
and not imputable to his default, misconduct or negligence. When the
cause of delay ceases to operate, the bill must be noted or protested with
reasonable diligence.

An. Code, sec. 179. 1904, sec. 179. 1898, ch. 119.

179. Where a bill is lost or destroyed, or is wrongly detained from the
person entitled to hold it, protest may be made on a copy or written par-
ticulars thereof.

CHAPTER XIV.—Acceptance of Bills of Exchange for Honor.

An. Code, sec. 180. 1904, sec. 180. 1898, ch. 119.

180. Where a bill of exchange has been protested for dishonor by non-
acceptance or protested for better security and is not overdue, any person
not being a party already liable thereon may, with the consent of the holder,
intervene and accept the bill supra protest for the honor of any party liable
thereon, or for the honor of the person for whose account the bill is drawn.
The acceptance for honor may be for part only of the sum for which the bill
is drawn; and where there has been an acceptance for honor for one party,
there may be a further acceptance by a different person for the honor of
another party.

 

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The Annotated Code of the Public General Laws of Maryland, 1924
Volume 375, Page 392   View pdf image (33K)
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