Volume 391, Page 24 View pdf image (33K) |
24 BILLS OF EXCHANGE AND PROMISSORY NOTES. [ART. 13 1. It must be in writing and signed by the maker or drawer;
2. Must contain an unconditional promise or order to pay a
3. Must be payable on demand, or at a fixed or determinable
4. Must be payable to order or to bearer; and
21. The sum payable is a sum certain within the meaning of 1. With interest; or 2. By stated instalments; or
3. By stated instalments, with a provision, that upon default
4. With exchange, whether at a fixed rate or at the current
5. With costs of collection or an attorney's fee, in case pay-
22. An unqualified order or promise to pay is unconditional
1. An indication of a particular fund out of which reimburse-
2. A statement of the transaction which gives rise to the
But an order or promise to pay out of a particular fund is not
23. An instrument is payable at a determinable future time, 1. At a fixed period after date or sight; or
2. On or before a fixed or determinable future time specified |
||||
Volume 391, Page 24 View pdf image (33K) |
Tell Us What You Think About the Maryland State Archives Website!
|
An Archives of Maryland electronic publication.
For information contact
mdlegal@mdarchives.state.md.us.