834                               LAWS OF MARYLAND                        [CH. 538

"Clearing house". Section 4—104.
"Collecting bank". Section 4—105.
"Customer". Section 4—104.
"Depositary Bank". Section 4—105.
"Documentary Draft". Section 4—104.
"Intermediary Bank". Section 4—105.
"Item". Section 4—104.
"Midnight deadline". Section 4—104.
"Payor bank". Section 4—105.

(4) In addition Sub-title 1 contains general definitions and prin-
ciples of construction and interpretation applicable throughout this
Sub-title.

3—103. Limitations on Scope of Sub-title.

(1)   This Sub-title does not apply to money, documents of title or
investment securities.

(2)   The provisions of this Sub-title are subject to the provisions
of the Sub-title on Bank Deposits and Collections (Sub-title 4) and
Secured Transactions (Sub-title 9).

3—104. Form of Negotiable Instruments; "Draft"; "Check"; "Cer-
tificate of Deposit"; "Note".

(1)  Any writing to be a negotiable instrument within this Sub-
title must

(a)   be signed by the maker or drawer; and

(b)  contain an unconditional promise or order to pay a sum cer-
tain in money and no other promise, order, obligation or power given
by the maker or drawer except as authorized by this Sub-title; and

(c)  be payable on demand or at a definite time; and

(d)   be payable to order or to bearer.

(2)  A writing which complies with the requirements of this sec-
tion is

(a)  a "draft" ("bill of exchange") if it is an order;

(b)  a "check" if it is a draft drawn on a bank and payable on de-
mand;

(c)  a "certificate of deposit" if it is an acknowledgment by a bank
of receipt of money with an engagement to repay it;

(d)  a "note" if it is a promise other than a certificate of deposit.

(3)  As used in other Sub-titles of this Article, and as the context
may require, the terms "draft", "check", "certificate of deposit" and
"note" may refer to instruments which are not negotiable within
this Sub-title as well as to instruments which are so negotiable.

3—105. When Promise or Order Unconditional.

(1) A promise or order otherwise unconditional is not made con-
ditional by the fact that the instrument

(a) is subject to implied or constructive conditions; or