ROBERT L. EHRLICH, JR., Governor                           H.B. 140

(b) It is duly delivered IN A FORM REASONABLE UNDER THE
CIRCUMSTANCES at the place of business through which the contract was made or at
[any other place] ANOTHER LOCATION held out by [him] THAT PERSON as the place
for receipt of such communications.

(27)   Notice, knowledge, or a notice or notification received by an
organization is effective for a particular transaction from the time when it is brought
to the attention of the individual conducting that transaction, and in any [event]
EVENT, from the time when it would have been brought to [his] THE INDIVIDUAL'S
attention if the organization had exercised due diligence. An organization exercises
due diligence if it maintains reasonable routines for communicating significant
information to the person conducting the transaction and there is reasonable
compliance with the routine. Due diligence does not require an individual acting for
the organization to communicate information unless such communication is part of
[his] THE INDIVIDUAL'S regular duties or [unless he] THE INDIVIDUAL has reason to
know of the transaction and that the transaction would be materially affected by the
information.

(28)   "Organization" includes a corporation, government or governmental
subdivision or agency, business trust, estate, trust, partnership or association, two or
more persons having a joint or common interest, or any other legal or commercial
entity.

(29)   "Party", as distinct from "third party", means a person who has
engaged in a transaction or made an agreement within Titles 1 through 10 of this
article.

(30)   "Person" includes an individual or an organization. (See § 1-102).

(31)   "Presumption" or "presumed" means that the trier of fact must find
the existence of the fact presumed unless and until evidence is introduced which
would support a finding of its nonexistence.

(32)   "Purchase" includes taking by sale, discount, negotiation, mortgage,
pledge, lien, security interest, issue or reissue, [gift] GIFT, or any other voluntary
transaction creating an interest in property.

(33)   "Purchaser" means a person who takes by purchase.

(34)   "Remedy" means any remedial right to which an aggrieved party is
entitled with or without resort to a tribunal.

(35)   "Representative" includes an agent, an officer of a corporation or
association, and a trustee, [executor] EXECUTOR, or administrator of an estate, or
any other person empowered to act for another.

(36)   "Rights" includes remedies.

(37)   "Security interest" means an interest in personal property or fixtures
Which secures payment or performance of an obligation. The term also includes any
interest of a consignor and a buyer of accounts, chattel paper, a payment intangible,.
or a promissory note in a transaction that is subject to Title 9. The special property

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