WILLIAM DONALD SCHAEFER, Governor

(B)  A CREDIT AGREEMENT IS NOT ENFORCEABLE BY WAY OF ACTION
OR DEFENSE UNLESS IT:

(1)  IS IN WRITING;

(2)  EXPRESSES CONSIDERATION;

(3)  SETS FORTH THE RELEVANT TERMS AND CONDITIONS OF
THE AGREEMENT; AND

(4)  IS SIGNED BY THE PERSON AGAINST WHOM ITS
ENFORCEMENT IS SOUGHT.

(C)  (1) THIS SECTION APPLIES ONLY TO COMMERCIAL
TRANSACTIONS.

(2) THIS SECTION DOES NOT APPLY TO:

(1) (I) CREDIT AGREEMENTS MADE PRIMARILY FOR PERSONAL,
FAMILY, OR HOUSEHOLD PURPOSES; OR

(2) (II) CREDIT EXTENDED BY MEANS OF, OR IN
CONNECTION WITH, A CREDIT OR CHARGE CARD.

SECTION 2. AND BE IT FURTHER ENACTED, that the provisions

of this Act shall apply to any cause of action arising on or
after July 1, 1989.

SECTION 3 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1989.

May 25, 1989

The Honorable Thomas V. Mike Miller, Jr.

President of the Senate

State House

Annapolis, Maryland 21401

Dear Mr. President:

In accordance with Article II, Section 17 of the Maryland
Constitution, I have today vetoed Senate Bill 537.

This bill requires a construction activity using State funds to
reforest the equivalent area cleared at a rate of $500 an acre.

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