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Session Laws, 1987
Volume 769, Page 3424   View pdf image
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Ch. 768                                    LAWS OF MARYLAND

(I) IF AN INDIVIDUAL PERSONAL CHECKING ACCOUNT IS
CLOSED AT A PARTICULAR SAVINGS AND LOAN AND A JOINT PERSONAL
ACCOUNT IS OPENED AT THE SAME SAVINGS AND LOAN THAT INCLUDES ONE
OF THE CUSTOMERS WHO PREVIOUSLY HAD THE INDIVIDUAL PERSONAL
ACCOUNT, THEN THE NUMERICAL MONTH AND YEAR PRINTED ON THE FACE OF
THE CHECKS OR DRAFTS SHALL BE THE NUMERICAL MONTH AND YEAR IN
WHICH THE INDIVIDUAL PERSONAL ACCOUNT WAS ESTABLISHED.

(2) IF A JOINT PERSONAL ACCOUNT IS CLOSED AT A
PARTICULAR SAVINGS AND LOAN AND AN INDIVIDUAL PERSONAL ACCOUNT IS
OPENED AT THE SAME SAVINGS AND LOAN BY ONE OF THE CUSTOMERS WHO
PREVIOUSLY WAS INCLUDED UNDER THE JOINT ACCOUNT, THEN THE
NUMERICAL MONTH AND YEAR PRINTED ON THE FACE OF THE CHECKS OR
DRAFTS SHALL BE THE NUMERICAL MONTH AND YEAR IN WHICH THE JOINT
ACCOUNT WAS ESTABLISHED.

(3) IF A CUSTOMER WITH AN INDIVIDUAL PERSONAL ACCOUNT
OR WITH A JOINT PERSONAL ACCOUNT OPENS AN ADDITIONAL ACCOUNT AT
THE SAME SAVINGS AND LOAN, THEN THE NUMERICAL MONTH AND YEAR
PRINTED ON THE FACE OF THE CHECKS OR DRAFTS SHALL BE THE
NUMERICAL MONTH AND YEAR IN WHICH THE INITIAL ACCOUNT WAS
ESTABLISHED.

(B)(1) (4) IN THE CASE OF A PERSONAL CHECKING OR DRAFT
ACCOUNT THAT IS CLOSED AND A NEW PERSONAL CHECKING OR DRAFT
ACCOUNT OPENED SIMULTANEOUSLY ON THE ADVICE OF THE SAVINGS AND
LOAN ASSOCIATION, THE CHECKS OR DRAFTS FOR THE NEW ACCOUNT SHALL
HAVE THE NUMERICAL MONTH AND YEAR IN WHICH THE CLOSED ACCOUNT WAS
ORIGINALLY OPENED PRINTED ON THE FACE OF THE CHECKS OR DRAFTS.

(2) (5) IF THE CLOSED ACCOUNT WAS OPENED PRIOR TO
JULY 1, 1987, A DATE IS NOT REQUIRED TO BE PRINTED ON THE CHECKS
OR DRAFTS.

(C) A CHECK, DRAFT, OR ORDER PROVIDED ON THE OPENING OF A
PERSONAL CHECKING OR DRAFT ACCOUNT FOR USE BY THE CUSTOMER UNTIL
PRINTED CHECKS OR DRAFTS HAVE BEEN PREPARED IS NOT REQUIRED TO
HAVE THE NUMERICAL MONTH AND YEAR IN WHICH THE ACCOUNT WAS OPENED
PRINTED ON THE FACE OF THE CHECK, DRAFT, OR ORDER.

(D)(1) THE SAVINGS AND LOAN ASSOCIATION AND THE CHECK
PRINTER MAY NOT BE HELD LIABLE FOR UNINTENTIONAL ERRORS IN THE
MONTH AND YEAR PRINTED ON THE FACE OF THE CHECK.
-----------------

(2) THE CUSTOMER MAY NOT BE CHARGED FOR THE
REPRINTING OF THE CHECKS WHEN THE CHECKS ARE REPRINTED DUE TO
ERROR IN THE MONTH AND YEAR PRINTED ON THE FACE OF THE CHECK.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
be construed only prospectively and may not be applied or
interpreted to have any effect on any personal checking or draft
account opened prior to the effective date of this Act.

- 3424 -

 

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Session Laws, 1987
Volume 769, Page 3424   View pdf image
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