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Session Laws, 1963
Volume 671, Page 496   View pdf image (33K)
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498                             LAWS OF MARYLAND                      [CH. 293

Article 13
94. Presentment for payment is made at the proper place:

(1)   Where a place of payment is specified in the instrument and
it is there presented;

(2)   Where no place of payment is specified but the address of the
person to make payment is given in the instrument and it is there
presented;

(3)   Where no place of payment is specified, and no address is
given, and the instrument is presented at the usual place of business
or residence of the person to make payment;

(4)   In any other case if presented to the person to make payment
wherever he can be found, or if presented at his last known place
of business or residence [.] ;

(5)   When made in accordance with Section 130A of Article 11 of
this Code.

Sec. 2. And be it further enacted, That this Act shall take effect
June 1, 1963. THIS ACT SHALL REMAIN IN EFFECT UNTIL

THE EFFECTIVE DATE OF CHAPTER ............ (SENATE BILL

77) AS ENACTED BY THE 1963 REGULAR SESSION OF THE
GENERAL ASSEMBLY OF MARYLAND, AT WHICH TIME
THIS ACT IS AUTOMATICALLY REPEALED AND OF NO FUR-
THER EFFECT.

Approved April 17, 1963.

CHAPTER 293
(Senate Bill 326)

AN ACT to repeal Section 67 of Article 11 of the Annotated Code of
Maryland (1957 Edition), title "Banks and Trust Companies",
sub-title "General Regulations", and to enact a new Section 67 in
lieu thereof, to stand in the place of the section repealed, to pro-
vide that State banks and trust companies may make loans under
the same conditions and restrictions applicable to national banks,
notwithstanding any provisions of the banking law and providing
for the manner of granting this power to State banks.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 67 of Article 11 of the Annotated Code of Maryland
(1957 Edition), title "Banks and Trust Companies", sub-title "Gen-
eral Regulations", be and it is hereby repealed, and new Section 67
be and it is hereby enacted in lieu thereof, to stand in the place of
the section repealed, and to read as follows:

67. Any bank or trust company, heretofore incorporated under
any general or special law of this State, and any bank or trust com-
pany hereafter incorporated under this Article, is authorized and
empowered, notwithstanding the restrictions and limitations imposed
in this Article, to consummate, negotiate, transact, loan or make any
loans, under the same conditions, limitations, restrictions and safe-


 

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Session Laws, 1963
Volume 671, Page 496   View pdf image (33K)
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