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The Annotated Code of the Public General Laws of Maryland, 1939
Volume 379, Page 459   View pdf image (33K)
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BILLS OF EXCHANGE AND PROMISSORY NOTES 459

ARTICLE 13.

BILLS OF EXCHANGE AND PROMISSORY NOTES.

1. Damages on protested foreign bill.
2. Recovery by endorser thereon.
3. Protest of inland bills.
4. Damages on protested domestic bills.
5. Recovery by endorser thereon.
6. Protest prima facie evidence of pre-
sentment.
7. Also of notice of dishonor.
8. No reversal because endorsements are
in blank.
9. Legal holidays.
10. Monday to be when they fall on
Sunday.
11. Saturday legal half-holiday.
12. No grace upon negotiable instruments
unless therein stipulated to the con-
trary.

NEGOTIABLE INSTRUMENTS ACT.

CHAPTER I. — General Provisions.

13. Short title.
14. Definition and meaning of terms.
15. Person primarily liable on instrument.
16. Reasonable time; what constitutes.
17. Time, how computed; when last day
falls on holiday.
18. Application of chapter.
19. Rule of law merchant; when governs.

CHAPTER II. — Negotiable Instruments in
General. Form and Interpretation.

20. Form of negotiable instruments.
21. Certainty as to sum; what constitutes.
22. When promise is unconditional.
23. Determinable future time; what con-
stitutes.
24. Additional provisions not affecting
negotiability.
25. Omissions; seal; particular money.
26. When payable on demand.
27. When payable to order.
28. When payable to bearer.
29. Terms when sufficient.
30. Date of; presumption as to.
31. Ante-dated and post-dated.
32. When date may be inserted.

33. Blanks, when may be filled.
34. Incomplete instrument not delivered.
35. Delivery; when effectual; when pre-
sumed.
36. Construction where instrument is am-
biguous. .
37. Liability of person signing in trade or
assumed name.
38. Signature by agent; authority; how
shown.
39. Liability of person signing as agent,
et cetera.
40. Signature by procuration; effect of.
41. Effect of indorsement by infant or
corporation.
42. Forged signature; effect of.

CHAPTER III. — Consideration of
Negotiable Instruments.

43. Presumption of consideration.
44. What constitutes consideration.
45. What constitutes holder for value.
46. When lien on instrument constitutes
holder for value.
47. Effect of want of consideration.
48. Liability of accommodation party.

CHAPTER IV. — Negotiation.

49. What constitutes negotiation.
50. Indorsement; how made.
51. Indorsement must be of entire instru-
ment.
52. Kinds of indorsements.
53. Special indorsement; indorsement in
blank.
54. Blank indorsement; how changed to
special indorsement.
55. When indorsement restrictive.
56. Effect of restrictive indorsement;
rights of indorser.
57. Qualified indorsement.
58. Conditional indorsement.
59. Indorsement of instrument payable to
bearer.
60. Indorsement when payable to two or
more persons.

For forms of declarations in suits on negotiable instruments, see art. 75, sec. 28, sub-
sec. 14, et seq.

As to the assignment of choses in action, see art. 8. As to bills of lading, see art. 14.
As to warehouse receipts, see art. 14A.

As to checks drawn by and payable to fiduciary, see art. 37A, secs. 5 and 6.

For bank collection code, see art. 11, sec. 108, et seq.


 

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The Annotated Code of the Public General Laws of Maryland, 1939
Volume 379, Page 459   View pdf image (33K)
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