WILLIAM DONALD SCHAEFER, Governor                   Ch. 481

(2)  THE AGREEMENT IS NOT A USUAL, REGULAR BUSINESS
PRACTICE OF THE BANKING INSTITUTION.

(C) EXCEPT AS PROVIDED IN SUBSECTION (A) OF THIS SECTION,
THE PROVISIONS OF THIS SUBTITLE DO NOT ALTER OR IMPAIR ANY RIGHT
OR OBLIGATION UNDER THE UNIFORM COMMERCIAL CODE.

5-309.

(a) In this section, "payor institution" means a bank,
credit union, or savings and loan association by which an item is
payable as drawn or accepted.

(b) As to each account of each depositor in a banking
institution, the banking institution shall give to the customer,
on opening of the account and on any later demand of the
customer, written notice of the GENERALLY APPLICABLE TIME
LIMITATIONS AND THE BANK'S POLICY ON THE RIGHT TO DRAW ON ITEMS
RECEIVED FOR DEPOSIT IN THE CUSTOMER'S ACCOUNT AND THE time after
which the funds represented by an item deposited to the account
shall be available for withdrawal as of right, for each of the
situations where the banking institution:

(1) Is also the payor institution;

(2) Is located in the same state as the payor
institution; and

(3) Is located in a different state from that in
which the payor institution is located.

(c) The notice shall also state the time after which the
funds represented by an item become available for withdrawal as
of right where the item is issued by:

(1) The Maryland State Government or any agency
thereof;

(2) The United States Treasury; and

(3) Any agency of the federal government.

(d) The notice shall be printed in type no smaller than
elite typewritten characters.

(E) THE BANK SHALL KEEP POSTED IN A CONSPICUOUS LOCATION,
AT EACH BRANCH OF THE BANK, A NOTICE THAT SUBSTANTIALLY SETS
FORTH THE GENERALLY APPLICABLE TIME LIMITATIONS AND THE BANK'S
POLICY ON THE BANK'S CUSTOMER'S RIGHTS TO DRAW ON ITEMS DEPOSITED
TO THE CUSTOMER'S ACCOUNT.-----------------------------------------------

SUBTITLE 4A. WITHDRAWAL OF ITEMS

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