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§ 15-301. Definitions

West's Annotated Code of MarylandCommercial LawEffective: June 1, 2010

West's Annotated Code of Maryland
Commercial Law
Title 15. Debt Collection--Special Provisions
Subtitle 3. Assignment of Wages (Refs & Annos)
Effective: June 1, 2010
MD Code, Commercial Law, § 15-301
§ 15-301. Definitions
Currentness
(a) In this subtitle the following words have the meanings indicated.
(b)(1) “Assignment” includes every transfer, sale, pledge, mortgage, or hypothecation, however made or attempted, of the wages of a person or any interest in them.
(2) “Assignment” does not include an authorization by a borrower or his guarantor or surety for payroll deductions to repay a loan made by a state or federally chartered credit union to a credit union member.
(c) “County” includes Baltimore City.
(d) “Court” means the District Court for the county where an assignor resides.
(e) “Person” includes an individual, corporation, business trust, statutory trust, estate, trust, partnership, association, two or more persons having a joint or common interest, or any other legal or commercial entity.
(f) “Wages” means all remuneration paid to any employee for his employment, including the cash value of all remuneration paid in any medium other than cash.

Credits

Added by Acts 1975, c. 49, § 3, eff. July 1, 1975. Amended by Acts 2010, c. 611, § 2, eff. June 1, 2010.
Formerly Art. 8, §§ 6, 9.
MD Code, Commercial Law, § 15-301, MD COML § 15-301
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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