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The Annotated Code of the Public General Laws of Maryland, 1924
Volume 375, Page 393   View pdf image (33K)
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BILLS OF EXCHANGE AND PROMISSORY NOTES. 393

An. Code, sec. 181. 1904, sec. 181. 1898, ch. 119.

181. An 'acceptance for honor supra protest must be in writing and
indicate that it is an acceptance for honor, and must be signed by the ac-
ceptor for honor.

An. Code, sec. 182. 1904, sec. 182. 1898, ch. 119.

182. Where an acceptance for honor does not expressly state for whose
honor it is made, it is deemed to be an acceptance for the honor of the
drawer.

An. Code, sec. 183. 1904, sec. 183. 1898, ch. 119.

183. The acceptor for honor is liable to the holder and to all parties
to the bill subsequent to the party for whose honor he has accepted.

An. Code, sec. 184. 1904, sec. 184. 1898, ch. 119.

184. The acceptor for honor by such acceptance engages that he will
on due presentment pay the bill according to the terms of his acceptance,
provided it shall not have been paid by the drawee, and provided, also, that
it shall have been duly presented for payment and protested for non-
payment, and notice of dishonor given to him.

An. Code, sec. 185. 1904, sec. 185. 1898, ch. 119.

185. Where a bill payable after sight is accepted for honor, its maturity
is calculated from the date of the noting for non-acceptance, and not from
the date of the acceptance for honor.

An. Code, sec. 186. 1904, sec. 186. 1898, ch. 119.

186. Where a dishonored bill has been accepted for honor supra pro-
test, or contains a reference in case of need, it must be protested for non-
payment before it is presented for payment to the acceptor for honor or
referee in case of need.

An. Code, sec. 187. 1904, sec. 187. 1898, ch. 119.

187. Presentment for payment to the acceptor for honor must be made
as follows:

1. If it is to be presented in the place where the protest for non-payment
was made, it must be presented not later than the day following its
maturity;

2. If it is to be presented in some other place than the place where it
was protested, then it must be forwarded within the time specified in
section 123.

An. Code, sec. 188. 1904, sec. 188. 1898, ch. 119.

188. The provisions of section one hundred apply where there is delay
in making presentment to the acceptor for honor or referee in case of need.

 

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The Annotated Code of the Public General Laws of Maryland, 1924
Volume 375, Page 393   View pdf image (33K)
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