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The Annotated Code of the Public General Laws of Maryland, 1939
Volume 379, Page 494   View pdf image (33K)
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494 ARTICLE 13

An. Code, 1924, sec. 170. 1912, sec. 170. 1904; sec. 170. 1898, ch. 119.

170. When a bill is dishonored by non-acceptance, an immediate right
of recourse against the drawers and indorsers accrues to the holder, and
no presentment for payment is necessary.

CHAPTER XIII.—Protests of Bills of Exchange.

, An. Code, 1924, sec. 171. 1912, sec. 171. 1904, sec. 171. 1898, ch. 119.

171. Where a foreign bill appearing on its face to be such is dishonored
by non-acceptance, it must be duly protested for non-acceptance, and where
such a bill which has not previously been dishonored by non-acceptance, is
dishonored by non-payment, it-must; be duly protested for non-payment.
If it is not'so protested, the drawer and indorsers are discharged. Where
a bill does not appear on its face to be a foreign bill, protest thereof in case
of dishonor is unnecessary.

As to the protest of a bill of exchange being required to justify an executor in
making payment or distribution, see art. 93, sec. 93.

An. Code, 1924, sec. 172. 1912, sec. 172: 1904, sec. 172. 1898, ch. 119.

172. The protest must be annexed to the bill, or must contain a copy
thereof, and must be under the hand and seal of the notary making it, and
must specify:

1. The time and place of presentment;

2. The f act that presentment was made and the manner thereof;

3. The cause or reason f or protesting the bill;

4. The demand made.and the answer given, if any, or the fact that the
drawee or acceptor could not be found.

An. Code, 1924, sec. 173. 1912, sec. 173. 1904, sec. 173. 1898, ch. 119.

173. Protest may be made by:

1. A notary public; or

2. By any respectable resident of the place where the bill is dishonored,
in the presence of two or more credible witnesses.
As to the power of notaries public to take, protests, see art. 68, sec. 4.

An. Code, 1924, sec. 174. 1912, sec. 174. 1904, sec; 174. 1898, ch. 119.

174. When a bill is protested, such protest must be made on the day
of its dishonor, unless delay is excused as herein provided. When a bill has
been duly noted, the protest may be subsequently extended as to the date
of the noting.

An. Code, 1924, sec, 175. 1912, sec. 175. 1904, sec. 175. 1898, ch. 119.

175. A bill must be protested at the place where it is dishonored, 'ex-
cept that when a bill drawn payable at the place of business.or residence
of some person other than the drawee, has been dishonored by non-
acceptance, it must be protested for non-payment at the place where it is
expressed to be payable, and no further presentment for payment to, or
demand ony the drawee is necessary.

An. Code, 1924, sec. 176. 1912, sec. 176. 1904, sec, 176. 1898, ch. 119.

176. A bill which has been protested for non-acceptance may be sub-
sequently protested for non-payment.


 

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The Annotated Code of the Public General Laws of Maryland, 1939
Volume 379, Page 494   View pdf image (33K)
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