§ 15-402. Action by assignee on obligation under seal
West's Annotated Code of MarylandCommercial Law
MD Code, Commercial Law, § 15-402
§ 15-402. Action by assignee on obligation under seal
(b) Except as provided in subsection (c) of this section, if the assignee cannot recover the debt from the obligor because the obligor is unable to pay it or cannot be found, or for any other reason, the assignee may maintain an action against the obligee, unless the assignee is a surety in the bond or other obligation.
Credits
Added by Acts 1975, c. 49, § 3, eff. July 1, 1975.
Formerly Art. 8, §§ 4, 5.
MD Code, Commercial Law, § 15-402, MD COML § 15-402
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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