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The Annotated Code of the Public General Laws of Maryland, 1924
Volume 375, Page 394   View pdf image (33K)
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394 ARTICLE 13.

An. Code, sec. 189. 1904, sec. 189. 1898, ch. 119.

189. When the bill is dishonored'by the. acceptor for honor it must be
protested for non-payment by him.

CHAPTER XV.—Payment of Bills of Exchange for Honor.

An. Code, sec. 190. 1904, sec. 190. 1898, ch. 119.

190. Where a bill has been protested for non-payment, any person may
intervene and pay it supra protest for the honor of any person liable thereon,
or for the honor of the person for whose account it' was drawn.

An. Code, sec. 191. 1904, sec. 191. 1898, ch. 119.

191. The payment for honor supra protest in order to operate as such,
and not as a mere voluntary payment, must be attested by a notarial act of
honor which may be appended to the protest or form an extension to it.

An. Code, sec. 192. 1904, sec. 192. 1898, ch. 119.

192. The notarial act of honor must be founded on a declaration made
by the payer for honor or by his agent in that behalf, declaring his inten-
tion to pay the bill for honor and for whose honor he pays.

An. Code, sec. 193. 1904, sec. 193. 1898, ch. 119.

193. Where two or more parties offer to pay a bill for the honor of
different parties, the person whose payment will discharge most parties to
the bill is to be given the preference.

An. Code, sec. 194. 1904, sec. 194. 1898, ch. 119.

194. Where a bill has been paid for honor, all parties subsequent to
the party for whose honor it is paid are discharged, but the payer for honor
is subrogated for, and succeeds to, both the rights and duties of the holder
as regards the party for whose honor he pays and all parties liable to the
latter.

An. Code, sec. 195. 1904, sec. 195. 1898, ch. 119.

195. Where the holder of a bill refuses to receive payment supra pro-
test, he loses his right of recourse against any party who would have been
discharged by such payment.

An. Code, sec. 196. 1904, sec. 196. 1898, ch. 119.

196. The payer for honor on paying to the holder the amount of the
bill and the notarial expenses incidental to its dishonor is entitled to receive
both the bill itself and the protest.

CHAPTER XVI.—Bills in a Set.

An. Code, sec. 197. 1904, sec. 197. 1898, ch. 119.

197. Where a bill is drawn in a set, each part of the set being num-
bered and containing a reference to the other parts, the whole of the parts
constitute one bill.

 

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The Annotated Code of the Public General Laws of Maryland, 1924
Volume 375, Page 394   View pdf image (33K)
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