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Session Laws, 1898 Session
Volume 482, Page 234   View pdf image (33K)
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234 LAWS OF MARYLAND.

able, and no further presentment for payment to, or demand
on, the drawee is necessary.

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

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

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.

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 particulars thereof.

CHAPTER XIV.

ACCEPTANCE OF BILLS OF EXCHANGE FOR HONOR,
Index to Chapter XIV.

180. When bill may be accepted 185. Maturity of bill payable after

for honor. sight; accepted for honor.

181. Acceptance for honor; how 186. Protest of bill accepted for

made. honor, et cetera.

182. When deemed to be an accept- 187. Presentment for payment to

ance for honor of the drawer. acceptor for honor; how made.

183. Liability of acceptor for honor. 188. When delay in making pre-

184. Agreement of acceptor for sentment is excused.

honor. 189. Dishonor of bill by acceptor

for honor.

180. Where a bill of exchange has been protested for dis-
honor by non-acceptance or protested for better security and is
not overdue, any person not being a party already liable theroon
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.

 

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Session Laws, 1898 Session
Volume 482, Page 234   View pdf image (33K)
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