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§ 22-509. Financing arrangements; obligations irrevocable

West's Annotated Code of MarylandCommercial Law

West's Annotated Code of Maryland
Commercial Law
Title 22. Maryland Uniform Computer Information Transactions Act (Refs & Annos)
Subtitle 5. Transfer of Interests and Rights; Ownership and Transfers; Financing Arrangements (Refs & Annos)
Part II. Financing Arrangements
MD Code, Commercial Law, § 22-509
§ 22-509. Financing arrangements; obligations irrevocable
Currentness
Unless the accommodated licensee is a consumer, a term in a financial accommodation contract providing that the accommodated licensee's obligations to the financier are irrevocable and independent is enforceable. The obligations become irrevocable and independent upon the licensee's acceptance of the license or the financier's giving of value, whichever occurs first.

Credits

Added by Acts 2000, c. 11, § 1, eff. Oct. 1, 2000.
MD Code, Commercial Law, § 22-509, MD COML § 22-509
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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