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Supplement to the Code of Public General Laws of Maryland, 1898
Volume 391, Page 53   View pdf image (33K)
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ART. 13] ACCEPTANCE OP BILLS FOR HONOR. 53

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 dis-
honor given to him.

185. Where a bill payable after sight is accepted for honor,
its maturity is calculated from the date of the noting for non-
acceptance, and not from the date of the acceptance for honor.

186. Where a dishonored bill has been accepted for honor supra
protest, or contains a reference in case of need, it must be pro-
tested for non-payment before it is presented for payment to the
acceptor for honor or referee in case of need.

187. Presentment for payment to the acceptor for honor
must be made as follows:

1. If it is to be presented in the place where the protest for
non-payment was made, it must be presented not later than the
day following its maturity;

2. If it is to be presented in some other place than the place
where it was protested, then it must be forwarded within the
time specified in section 123.

188. The provisions of section one hundred apply where
there is delay in making presentment to the acceptor for honor or
referee in case of need.

189. When the bill is dishonored by the acceptor for honor,
it must be protested for non-payment by him.

CHAPTER XV—Payment of Bills of Exchange for Honor.

190. Where a bill has been protested for non-payment, any
person may intervene and pay it supra protest for the honor of
any person liable thereon, or for the honor of the person for
whose account it was drawn.

191. The payment for honor supra protest in order to oper-
ate as such, and not as a mere voluntary payment, must be

 

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Supplement to the Code of Public General Laws of Maryland, 1898
Volume 391, Page 53   View pdf image (33K)
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