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Session Laws, 1898 Session
Volume 482, Page 236   View pdf image (33K)
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236 LAWS OF MARYLAND.

194. Effect on subsequent parties 195. Where holder refuses to receive
where bill is paid for honor. payment supra protest.

196. Rights of payer 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
operate as such, and not as a mere voluntary payment, must be
attested by a notarial act of honor which may be appended to
the protest or form an extension to it.

192. The notarial act of honor must be founded on a decla-
ration made by the payer ior honor or by his agent in that
behalf, declaring his intention to pay the bill for honor and for
whose honor he pays.

193. Where two or more parties offer to pay a bill for the
honor of different parties, the person whose payment will dis-
charge most parties to the bill is to be given the preference.

194. Where a bill has been paid for honor, all parties subse-
quent to the party for whose honor it is paid are discharged,
but the payer for honor is subrogated for, and succeeds to,
both the rights and duties of the holder as regards the party
for whose honor he pays and all parties liable to the latter.

195. Where the holder of a bill refuses to receive payment
supra protest, he loses his right of recourse against any party
who would have been discharged by such payment.

196. The payer for honor on paying to the holder the
amount of the bill and the notarial expenses incidental to its
dishonor, is entitled to receive both the bill itself and the pro-
test.

CHAPTER XVI.

BILLS IN A SET.

Index to Chapter XVI

197. Bills in sets constitute one bill.
198. Rights of holders where differ-
ent parts are negotiated.
199. Liability of holder who in-
dorses two or more parts of a
set to different persons.

200. Acceptance of bills drawn in
sets.
201. Payment by acceptor of bills
drawn in sets.
202. Effect of discharging one of
a set.

197. Where a bill is drawn in a set, each part of the set
being numbered and containing a reference to the other parts,
the whole of the parts constitute one bill.

198. Where two or more parts of a set are negotiated to
different holders in due course, the holder whose title first

 

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Session Laws, 1898 Session
Volume 482, Page 236   View pdf image (33K)
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