Ch. 31

1997 LAWS OF MARYLAND

[Article 13 - Bills of Exchange and Promissory Notes]

[1.

The owner or holder of every bill of exchange drawn in this State on any person,
corporation or company in any foreign country, and regularly protested, shall have a right
to recover so much current money as will purchase a good bill of exchange of the same
time of payment, and upon the same place, at the current exchange of such bill, and also
fifteen percent damages upon the value of the principal sum mentioned in such bill, and
costs of protest, together with legal interest upon the value of the principal sum therein
mentioned from the time of protest, until the principal and damages are paid and
satisfied.]

[2.

If any endorser of such bill shall pay to the owner or holder of such bill the value of
the principal, and the damages and interest aforesaid, he shall have the right to recover
the sum paid, with legal interest upon the same, from the drawer or any other person,
corporation or company liable to such endorser, upon such bill of exchange.]

[15.

On all notes, drafts, checks, acceptances, bills of exchange, bonds, or other
evidences of indebtedness, made, drawn or accepted by any person or corporation after
the 27th day of March, 1896, and in which there is no expressed stipulation to the
contrary, no grace according to the custom of merchants shall be allowed, but the same
shall be due and payable, as therein expressed, without grace.]

REVISOR'S NOTE: Art. 13 - Bills of Exchange and Promissory Notes is repealed
in its entirety as obsolete and duplicative of the Uniform Commercial Code.

Article 16 - Chancery

[10.

In all reports and accounts hereafter stated by an auditor, the annual or other
reports and accounts in the same cause or trust estate, theretofore, under rule of court,
rendered by any trustee or other fiduciary to any trust officer of said court authorized to
verify trust reports and accounts, which have been passed upon and accepted by said trust
officer, or the said court, shall be taken as evidence of the receipts, expenditures and
statements, therein contained, without further proof, unless by order of court further
proof is required.]

REVISOR'S NOTE: Art. 16, § 10 is repealed as duplicative of the Maryland Rules
of Procedure.

[114.

In any case where the surety of a sheriff, deputy sheriff or collector of taxes shall
apply to the court, by bill or petition, the court, on being satisfied that such surety has
suffered, or is likely to suffer loss or damage by reason of his suretyship, may appoint a
trustee to complete his collections for the benefit of those concerned, and the court shall

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