ALBERT C. RITCHIE, GOVERNOR. 1143

CHAPTER 454.

AN ACT to add seventeen new sections to Article 11 of the-
Annotated Code of Maryland (1924 Edition), title "Banks
and Trust Companies, " to be under the sub-title "Bank Col-
lection Code, " said new sections to be known as Sections
83-99, inclusive, to follow immediately after Section 32
of said Article, and to deal with the collection and payment
by banks of checks and other instruments for the payment
of money.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That seventeen new sections be and they are hereby
added to Article 11 of the Annotated Code of Maryland (1924
Edition), title "Banks and Trust Companies, " to be under
the sub-title "Bank Collection Code, " said news sections to be
known as Sections 83-99, both figures inclusive, to. follow im-
mediately after Section 82 of said Article, and to read as
follows:

83. DEFINITIONS. For the purposes of The Bank Collec-
tion Code:

(A) Bank. The term "bank" shall include any person, firm
or corporation engaged in the business of receiving and paying
deposits of money within this State. A branch or office of any
such bank shall be deemed a bank for the purpose of this Act.

(B) Item. The term "item" means any check, note or other
instrument providing for the payment of money.

84. BANK IS AGENT FOR COLLECTION. Except as other-
wise provided by agreement and except as to subsequent holders
of a negotiable instrument payable to bearer or endorsed
specially or in blank, where an item is deposited or received
for collection, the bank of deposit shall be agent of the depositor
for its collection and each subsequent collecting bank shall
be sub-agent of the depositor but shall be authorized to follow
the instructions of its immediate forwarding bank and any
credit given by any such agent or sub-agent bank therefor shall
be revocable until such time as the proceeds are received in
actual money or an unconditional credit given on the books of
another bank, which such agent has requested or accepted.
Where any such bank allows any revocable credit for an item,
to be withdrawn, such agency relation, shall nevertheless con-