WILLIAM DONALD SCHAEFER, Governor                            Ch. 3

(7) pays to the Secretary a renewal fee of [$200] $300.
DRAFTER'S NOTE:

Error: The Business Regulation Article failed to reflect a change made to
Article 56, § 420 by Ch. 210, Acts of 1991.

Occurred: Ch. 4, Acts of 1992.

Article - Commercial Law

3-504.

(2)     Presentment may be made:

(b) Through a [clearing house] CLEARINGHOUSE; or

(3)      [It] PRESENTMENT may be made:

(a)     To any one of two or more makers, acceptors, [drawees] DRAWEES, or
other payors; or

(b)     To any person who has authority to make or refuse the acceptance or
payment.

DRAFTER'S NOTE:

Error: In § 3-504 of the Commercial Law Article, misspelling in subsection
(2)(b) and grammatical error and omitted comma in subsection (3).

Occurred: Ch. 49, Acts of 1975.

5-107.

(1) Unless otherwise [specified] SPECIFIED, an advising [bank] BANK, by
advising a credit issued by another [bank] BANK, does not assume any obligation to
honor drafts drawn or demands for payment made under the credit but it does assume
obligation for the accuracy of its own statement.

DRAFTER'S NOTE:

Error: Omitted commas in § 5-107(1) of the Commercial Law Article.

Occurred: Ch. 49, Acts of 1975.

11-401.

(b) "Cost to the retailer" means the lesser of the invoice cost or the replacement
cost of the merchandise to the retailer[;], minus any trade discount other than a
customary discount for cash[;], plus:

(1) A freight charge otherwise not included in the invoice cost or the
replacement cost of the merchandise;

- 95 -