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Session Laws, 1996
Volume 794, Page 1271   View pdf image
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PARRIS N. GLENDENING, Governor                               Ch. 91

[(j)](11) "Settle" means to pay in cash, by [clearing house]
CLEARING-HOUSE settlement, in a charge or credit or by remittance, or otherwise as
[instructed] AGREED. A settlement may be either provisional or final;

[(k)](12) "Suspends payments" with respect to a bank means that it has
been closed by order of the supervisory authorities, that a public officer has been
appointed to take it [ over] OVER; or that it ceases or refuses to make payments in the
ordinary course of business.

[(2)](B) Other definitions applying to this title and the sections in which they
appear are:

"AGREEMENT FOR ELECTRONIC PRESENTMENT." § 4-110.

"BANK" § 4-105.

"Collecting bank." § 4-105.

"Depositary bank." § 4-105.

"Intermediary bank." § 4-105.

"Payor bank." § 4-105.

"Presenting bank." § 4-105.

["Remitting bank." § 4-105.]

[ (3)] (C) The following definitions in other titles apply to this title:

"Acceptance." § 3-410.

"ALTERATION." § 3-407.

"CASHIER'S CHECK." § 3-104.

"Certificate of deposit." § 3-104.

["Certification." § 3-411.]

"CERTIFIED CHECK." § 3-409.

"Check." § 3-104.

"Draft." § 3-104.

"GOOD FAITH." § 3-103.

"Holder in due course." § 3-302.

"INSTRUMENT." § 3-104.

"Notice of dishonor." § 3-508.

"ORDER." § 3-103.

"ORDINARY CARE" § 3-103.

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Session Laws, 1996
Volume 794, Page 1271   View pdf image
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