Volume 770, Page 1710 View pdf image |
Ch. 48 LAWS OF MARYLAND EXCEPT AS PROVIDED IN § 15-105 OF THIS SUBTITLE, INTEREST (1) IS DUE AND PAYABLE BY LAW AND UNDER THE WRITTEN (2) REMAINS UNPAID MORE THAN 45 DAYS AFTER A UNIT (B) INTEREST ACCRUAL. INTEREST SHALL ACCRUE BEGINNING ON THE 31ST DAY AFTER: (1) THE DAY ON WHICH PAYMENT BECOMES DUE UNDER A (2) IF LATER, THE DAY ON WHICH THE UNIT RECEIVES AN REVISOR'S NOTE: This section is new language derived Defined terms: "Invoice" § 15-101 15-105. INTEREST NOT PAYABLE. A UNIT IS NOT LIABLE UNDER § 15-104 OF THIS SUBTITLE FOR (1) UNLESS WITHIN 30 DAYS AFTER THE DATE ON THE (2) IF A CONTRACT CLAIM HAS BEEN FILED UNDER SUBTITLE (3) ACCRUING MORE THAN 1 YEAR AFTER THE 31ST DAY (4) ON AN AMOUNT THAT REPRESENTS UNPAID INTEREST. REVISOR'S NOTE: This section is new language derived In item (1) of this section, the reference to the - 1710 -
|
||||
Volume 770, Page 1710 View pdf image |
Tell Us What You Think About the Maryland State Archives Website!
|
An Archives of Maryland electronic publication.
For information contact
mdlegal@mdarchives.state.md.us.