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The Annotated Code of the Public General Laws of Maryland, 1939
Volume 379, Page 483   View pdf image (33K)
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BILLS OF EXCHANGE AND PROMISSORY NOTES 483

An. Code, 1924; sec. 96. 1912, sec. 96. 1904, sec. 96. 1898, ch. 119.

96. Where the persons primarily liable on the instrument are liable
as partners, and no place of payment is specified, presentment for pay-
ment may be made to any one of them, even though there has been a dissolu-
tion of the firm.

An. Code, 1924, sec. 97. 1912, sec. 97. 1904, sec. 97. 1898, ch. 119.

97. Where there are several persons, not partners, primarily liable
on the instrument, and no place of payment is specified, presentment must
be made to them all.

An, Code, 1924, sec. 98. 1912, sec. 98. 1904, sec. 98. 1898, ch. 119.

98. Presentment for payment is not required in order to charge the
drawer where he has no right to expect or require that the drawee or ac-
ceptor will pay the instrument.

Cited in Deitrick v. MacCarthy, 13 F. Supp. 850.

See notes to sec. 85.

An. Code, 1924, sec. 99. 1912, sec. 99. 1904, sec. 99. 1898, ch. 119.

99. Presentment for payment is not required in order to charge an
indorser, where the instrument was made or accepted for his accommo-
dation, and he has no reason to expect that the instrument will be paid
if presented.

Evidence held sufficient to show that defendants were accommodation endorsers within
the meaning of this section and sec. 134. Bergen v. Trimble, 130 Md. 561.

See notes to sec. 85.

An. Code, 1924, sec. 100. 1912, sec. 100. 1904, sec. 100. 1898, ch. 119.

100. Delay in making presentment for payment is excused when the
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, presentment must be made with reasonable
diligence.

An. Code, 1924, sec. 101. 1912, sec. 101. 1904, sec. 101. 1898, ch. 119.

101. Presentment f or payment is dispensed with:

1. Where after the exercise of reasonable diligence, presentment as
required by this act can not be made;

2. Where the drawee is a fictitious person;

3. By waiver of presentment, express or implied.
See notes to sec. 85.

Cited but not construed in Rhoads v. National Bank, 172 Md. 126; Deitrick v. Mac-
Carthy, 13 F. Supp. 850.

An. Code, 1924, sec. 102. 1912, sec. 102. 1904, sec. 102. 1898, ch. 119.

102. The instrument is dishonored by non-payment, when:

1. It is duly presented for payment and payment is refused or can not
be obtained; or

2. Presentment is excused and the instrument is overdue and unpaid.
Cited but not construed in Wolf v. Union Trust Co., 150 Md. 387.

An. Code, 1924, sec. 103. 1912, sec. 103. 1904, sec. 103. 1898, ch. 119.

103. Subject to the provisions of this article, when the instrument
is dishonored by non-payment, and immediate right or recourse to all
parties secondarily liable thereon accrues to the holder.


 

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The Annotated Code of the Public General Laws of Maryland, 1939
Volume 379, Page 483   View pdf image (33K)
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