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The Annotated Code of the Public General Laws of Maryland, 1924
Volume 375, Page 404   View pdf image (33K)
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404 ARTICLE 14.

An. Code, sec. 30. 1910, ch. 336, sec. 30 (p. 40).

30. A bill may be transferred by the holder by delivery, accompanied
with an agreement, express or implied, to transfer the title to the bill or to
the goods represented thereby.

A non-negotiable bill can not be negotiated, and the indorsement of such
a bill gives the transferee no additional right.

An. Code, sec. 31. 1910, ch. 336, sec. 31 (p. 40).

31. A negotiable bill may be negotiated by any person in possession
of the same, however such possession may have been acquired, if, by the
terms of the bill, the carrier undertakes to deliver the goods to the order of
such person; or if, at the time of negotiation, the bill is in such form that
it may be negotiated by delivery.

An. Code, sec. 32. 1910, ch. 336, sec. 32 (p. 40).

32. A person to whom a negotiable bill has been duly negotiated
acquired thereby—

(a) Such title to the goods as the person negotiating the bill to him had
or had ability to convey to a purchaser in good faith for value, and also
such title to the goods as the consignee and consignor had or had power to
convey to a purchaser in good faith for value; and

(b) The direct obligations of the carrier to hold possession of the goods
for him according to the terms of the bill, as fully as if the carrier had
contracted directly with him.
See art. 83, sec. 54.

An. Code, sec. 33. 1910, ch. 336, sec. 33 (p. 40).

33. A person to whom a bill has been transferred, but not negotiated,
acquires thereby, as against the transferor, the title to the goods, subject
to the terms of any agreement with the transferor. If the bill is non-
negotiable, such person also acquires the right to notify the carrier of the
transfer to him of such bill, and thereby to become the direct obligee of
whatever obligations the carrier owed to the transferor of the bill imme-
diately before the notification.

Prior to the notification of the carrier by the transferor or transferee
of a non-negotiable bill, the title of the transferee to the goods and the
right to acquire the obligation of the carrier may be defeated by garnish-
ment or by attachment or execution upon the goods by a creditor of the
transferor, or by a notification to the carrier by the transferor or a subse-
quent purchaser from the transferor of a subsequent sale of the goods by
the transferor.

A carrier has not received notification within the meaning of this section
unless an officer or agent of the carrier, the actual or apparent scope of
whose duties includes action upon such notification, has been notified;
and no notification shall be effective until the officer or agent to whom it is
given has had time, with the exercise of reasonable diligence, to communi-
cate with the agent or agents having actual possession or control of the goods.
See art. 83, sec. 55.

 

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The Annotated Code of the Public General Laws of Maryland, 1924
Volume 375, Page 404   View pdf image (33K)
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