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§ 15-501. Prohibition against certain assignments

West's Annotated Code of MarylandCommercial Law

West's Annotated Code of Maryland
Commercial Law
Title 15. Debt Collection--Special Provisions
Subtitle 5. Assignment of Claims to Nonresidents (Refs & Annos)
MD Code, Commercial Law, § 15-501
§ 15-501. Prohibition against certain assignments
Currentness
(a) It is unlawful for a creditor who is a citizen of the State to assign or transfer a claim against a resident of the State:
(1) For the purpose of having the claim collected by attachment in a court outside the State; or
(2) With the intent to deprive the debtor of his rights under the laws of the State which exempt his wages or property from execution.
(b) The provisions of this section do not apply if the creditor, the debtor, or the person owing the money to be attached is not within the jurisdiction of the courts of this State.

Credits

Added by Acts 1975, c. 49, § 3, eff. July 1, 1975.
Formerly Art. 83, § 15.
MD Code, Commercial Law, § 15-501, MD COML § 15-501
Current through legislation effective through April 25, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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