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The Annotated Code of the Public General Laws of Maryland, 1939
Volume 379, Page 495   View pdf image (33K)
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BILLS OF EXCHANGE AND PROMISSORY NOTES 495

An. Code, 1924, sec. 177. 1912, sec. 177. 1904, sec. 177. 1898, ch, 119.

177. Where the acceptor has been adjudged a bankrupt or aninsolvent,
or has made an assignment for the benefit of creditors, before the bill ma-
tures, the holder may cause the bill to be protested for better security
against the drawer and indorsers.

An. Code, 1924, sec. 178. 1912, sec. 178. 1904, sec. 178. 1898, ch. 119.

178. Protest, is dispensed with by any circumstances which would
dispense with notice of dishonor. Delay in noting or protesting is excused
when 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, the bill must be noted or protested with
reasonable diligence.

An. Code, 1924, sec. 179. 1912, sec. 179. 1904, sec. 179. 1898, ch. 119.

179. Where a bill is lost or destroyed, or is wrongly detained from the
person entitled to hold it, protest may be made on a copy or written par-
ticulars thereof...

CHAPTER XIV.—Acceptance of Bills of Exchange for Honor.

An. Code, 1924, sec. 180. 1912, sec. 180. 1904, sec. 180. 1898, ch. 119.

180. Where a bill of exchange has been protested for dishonor by non-
acceptance or protested for better security, and is not overdue, any person
not being a party already liable thereon may, with the consent of the holder,
intervene and accept the bill supra protest for the honor of any party liable
thereon, or for the honor of the person for whose account the bill is drawn.
The acceptance for honor may be for part only of the sum for which the bill
is drawn; and where there has been an acceptance for honor for one party,
there may be a further acceptance by a different person for the honor of
another party.

An. Code, 1924, sec. 181. 1912, sec. 181. 1904, sec. 181. 1898, ch. 119.

181. An acceptance for honor, supra protest must be in writing and
indicate that it is an acceptance for honor, and must be signed by the ac-
ceptor for honor.

An. Code, 1924, sec. 182. 1912, sec. 182. 1904, sec. 182. 1898, ch. 119.

182. Where an acceptance for honor does not expressly state for whose
honor it is made, it, is deemed to be an acceptance for the honor of the
drawer.

An. Code, 1924, sec. 183. 1912, sec. 183. 1904, sec. 183. 1898, ch. 119.

183. The acceptor for honor is liable to the holder and to all parties
to the bill subsequent to the party for whose honor he has accepted.

An. Code, 1924, sec. 184. 1912, sec. 184. 1904, sec. 184. 1898, ch. 119.

184. The acceptor for honor by such acceptance engages that he will
on due presentment pay the bill according to the terms of his acceptance,
provided it shall not have been paid by the drawee, and provided, also, that
it shall have been .duly presented for payment and protested for non-
payment, and notice of dishonor given to him.


 

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The Annotated Code of the Public General Laws of Maryland, 1939
Volume 379, Page 495   View pdf image (33K)
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