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Session Laws, 1975
Volume 716, Page 152   View pdf image
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152

LAWS OF MARYLAND

[Ch. 49

"Certification." § 3-411.

"Check." § 3-104.

"Definite time." § 3-109.

"Dishonor." § 3-507.

"Draft." § 3-104.

"Holder in due course." § 3—302.

"Negotiation." § 3—202.

"Note." § 3-101.

"Notice of dishonor." § 3-508.

"On demand." § 3-108.

"Presentment." § 3—504.

"Protest." § 3-509.

"Restrictive indorsement." § 3—205.

"Signature." § 3—401.

(3)   The following definitions in other [subtitles]
TITLES apply to this [subtitle] TITLE:

"Account." § 4-104.

"Banking day." § 4-104.

"Clearing house." § 4—104.

"Collecting bank." § 4—105.

"Customer." § 4-104.

"[Depository] DEPOSITARY, bank." § 4-105.

"Documentary draft." § 4-104.

"Intermediary bank." § 4—105.

"Item." § 4-104.

"Midnight deadline." § 4-104.

"Payor bank." § 4-105.

(4)   In addition [subtitle] TITLE 1 contains general
definitions and principles of construction and
interpretation applicable throughout this [subtitle]
TITLE.

3—103. Limitations on scope of [subtitle] TITLE.

(1)    This [subtitle] TITLE does not apply to money,
documents of title or investment securities.

(2)   The provisions of this [subtitle] TITLE are
subject to the provisions of the [subtitle] TITLE on bank
deposits and collections ([subtitle] TITLE 1) and secured
transactions ([subtitle] TITLE 9).

3—104. Form of negotiable instruments; "draft"; "check";
"certificate of deposit"; "note."

(1) Any writing to be a negotiable instrument
within this [subtitle] TITLE must

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

(b) Contain an unconditional promise or order

 

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Session Laws, 1975
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