Maryland Statutes
Commercial Law
Title 1 - General Provisions

Subtitle 1 - General Provisions

Section 1-101 - Short Titles - (a) Titles 1 through 10 of this article may be...

Section 1-102 - Scope of Title - This title applies to a transaction to the extent that...

Section 1-103 - Construction of Maryland Uniform Commercial Code; Applicability of Supplemental Principles of Law - (a) The Maryland Uniform Commercial Code shall be liberally construed...

Section 1-104 - Construction Against Implied Repeal - The Maryland Uniform Commercial Code being a general act intended...

Section 1-105 - Severability - If any provision or clause of the Maryland Uniform Commercial...

Section 1-106 - Use of Singular and Plural; Gender - In the Maryland Uniform Commercial Code, unless the context otherwise...

Section 1-107 - Section Captions - Section captions are part of the Maryland Uniform Commercial Code.

Section 1-108 - Relation to Electronic Signatures in Global and National Commerce Act - This title modifies, limits, and supersedes the federal Electronic Signatures...

Subtitle 2 - General Definitions and Principles of Interpretation

Section 1-201 - General Definitions - (a) Unless the context otherwise requires, words or phrases defined...

Section 1-202 - Notice; Knowledge - (a) Subject to subsection (f) of this section, a person...

Section 1-203 - Lease Distinguished From Security Interest - (a) Whether a transaction in the form of a lease...

Section 1-204 - Value - Except as otherwise provided in §§ 3–303, 4–208, and 4–209...

Section 1-205 - Reasonable Time; Seasonableness - (a) Whether a time for taking an action required by...

Section 1-206 - Presumptions - Whenever the Maryland Uniform Commercial Code creates a “presumption” with...

Subtitle 3 - Territorial Applicability and Applicable Law

Section 1-301 - Territorial Applicability; Parties' Power to Choose Applicable Law - (a) Except as otherwise provided in this section, when a...

Section 1-302 - Variation by Agreement - (a) Except as otherwise provided in subsection (b) of this...

Section 1-303 - Course of Performance, Course of Dealing, and Usage of Trade - (a) A “course of performance” is a sequence of conduct...

Section 1-304 - Obligation of Good Faith - Every contract or duty within the Maryland Uniform Commercial Code...

Section 1-305 - Remedies to Be Liberally Administered - (a) The remedies provided by the Maryland Uniform Commercial Code...

Section 1-306 - Waiver or Renunciation of Claim or Right After Breach - A claim or right arising out of an alleged breach...

Section 1-307 - Prima Facie Evidence by Third Party - A document in due form purporting to be a bill...

Section 1-308 - Performance or Acceptance Under Reservation of Rights - (a) A party that with explicit reservation of rights performs...

Section 1-309 - Option to Accelerate at Will - (a) A term providing that one party or that party’s...

Section 1-310 - Subordinated Obligations - (a) An obligation may be issued as subordinated to performance...