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§ 15-804. Application of subtitle

West's Annotated Code of MarylandCommercial Law

West's Annotated Code of Maryland
Commercial Law
Title 15. Debt Collection--Special Provisions
Subtitle 8. Dishonored Checks and Other Instruments-Collection (Refs & Annos)
MD Code, Commercial Law, § 15-804
§ 15-804. Application of subtitle
Currentness
(a) Notwithstanding any other provisions of this article, §§ 15-802 and 15-803 of this subtitle do not apply to any check:
(1) Tendered by a maker or drawer in complete or partial satisfaction of a preexisting credit or loan obligation incurred by the maker or drawer under Title 12 of this article; or
(2) That is not a bad check as described under § 8-103 of the Criminal Law Article.
(b) Notwithstanding any other provision of this article, §§ 15-802 and 15-803 of this subtitle shall be construed to grant any holder to whom the check or other instrument was issued or negotiated a right of recourse which is alternative to any other right of recourse granted to that holder under Title 3 of this article.

Credits

Added by Acts 1998, c. 682, § 1, eff. July 1, 1998. Amended by Acts 2002, c. 213, § 6, eff. Oct. 1, 2002.
MD Code, Commercial Law, § 15-804, MD COML § 15-804
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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