§ 12-628. Promissory note, contents and assignment
West's Annotated Code of MarylandCommercial Law
MD Code, Commercial Law, § 12-628
§ 12-628. Promissory note, contents and assignment
(b) If the note is assigned, it is subject to all defenses which the buyer might have asserted against the seller or sales finance company, except that an acknowledgment by the buyer of delivery of a copy of the agreement pursuant to § 12-605 of this subtitle is conclusive proof of the delivery in favor of an assignee of the note without actual knowledge to the contrary.
Credits
Added by Acts 1975, c. 49, § 3, eff. July 1, 1975.
Formerly Art. 83, § 147.
MD Code, Commercial Law, § 12-628, MD COML § 12-628
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.
End of Document |