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Subtitle 1 - General Provisions and Definitions
Section 3-101 - Short Title - This title may be cited as Maryland Uniform Commercial Code...
Section 3-102 - Subject Matter - (a) This title applies to negotiable instruments. It does not...
Section 3-103 - Definitions - (a) In this title: (1) “Acceptor” means a drawee who...
Section 3-104 - Negotiable Instrument - (a) Except as provided in subsections (c) and (d), “negotiable...
Section 3-105 - Issue of Instrument - (a) “Issue” means the first delivery of an instrument by...
Section 3-106 - Unconditional Promise or Order - (a) Except as provided in this section, for the purposes...
Section 3-107 - Instrument Payable in Foreign Money - Unless the instrument otherwise provides, an instrument that states the...
Section 3-108 - Payable on Demand or at Definite Time - (a) A promise or order is “payable on demand” if...
Section 3-109 - Payable to Bearer or to Order - (a) A promise or order is payable to bearer if...
Section 3-110 - Identification of Person to Whom Instrument Is Payable - (a) The person to whom an instrument is initially payable...
Section 3-111 - Place of Payment - Except as otherwise provided for items in Title 4, an...
Section 3-112 - Interest - (a) Unless otherwise provided in the instrument, (i) an instrument...
Section 3-113 - Date of Instrument - (a) An instrument may be antedated or postdated. The date...
Section 3-114 - Contradictory Terms of Instrument - If an instrument contains contradictory terms, typewritten terms prevail over...
Section 3-115 - Incomplete Instrument - (a) “Incomplete instrument” means a signed writing, whether or not...
Section 3-116 - Joint and Several Liability; Contribution - (a) Except as otherwise provided in the instrument, two or...
Section 3-117 - Other Agreements Affecting Instrument - Subject to applicable law regarding exclusion of proof of contemporaneous...
Section 3-118 - Statute of Limitations - (a) Except as provided in subsection (e), an action to...
Section 3-119 - Nature of Right to Defend Action - In an action for breach of an obligation for which...
Subtitle 2 - Negotiation, Transfer, and Indorsement
Section 3-201 - Negotiation - (a) “Negotiation” means a transfer of possession, whether voluntary or...
Section 3-202 - Negotiation Subject to Rescission - (a) Negotiation is effective even if obtained (i) from an...
Section 3-203 - Transfer of Instrument; Rights Acquired by Transfer - (a) An instrument is transferred when it is delivered by...
Section 3-204 - Indorsement - (a) “Indorsement” means a signature, other than that of a...
Section 3-205 - Special Indorsement; Blank Indorsement; Anomalous Indorsement - (a) If an indorsement is made by the holder of...
Section 3-206 - Restrictive Indorsement - (a) An indorsement limiting payment to a particular person or...
Section 3-207 - Reacquisition - Reacquisition of an instrument occurs if it is transferred to...
Subtitle 3 - Enforcement of Instruments
Section 3-301 - Person Entitled to Enforce Instrument - Person entitled to enforce” an instrument means (i) the holder...
Section 3-302 - Holder in Due Course - (a) Subject to subsection (c) and § 3-106(d), “holder in...
Section 3-303 - Value and Consideration - (a) An instrument is issued or transferred for value if:...
Section 3-304 - Overdue Instrument - (a) An instrument payable on demand becomes overdue at the...
Section 3-305 - Defenses and Claims in Recoupment - (a) Except as stated in subsection (b), the right to...
Section 3-306 - Claims to an Instrument - A person taking an instrument, other than a person having...
Section 3-307 - Notice of Breach of Fiduciary Duty - (a) In this section: (1) “Fiduciary” means an agent, trustee,...
Section 3-308 - Proof of Signatures and Status as Holder in Due Course - (a) In an action with respect to an instrument, the...
Section 3-309 - Enforcement of Lost, Destroyed, or Stolen Instrument - (a) A person not in possession of an instrument is...
Section 3-310 - Effect of Instrument on Obligation for Which Taken - (a) Unless otherwise agreed, if a certified check, cashier's check,...
Section 3-311 - Accord and Satisfaction by Use of Instrument - (a) If a person against whom a claim is asserted...
Section 3-312 - Lost, Destroyed, or Stolen Cashier's Check, Teller's Check, or Certified Check - (a) In this section: (1) “Check” means a cashier's check,...
Subtitle 4 - Liability of Parties
Section 3-401 - Signature - (a) A person is not liable on an instrument unless...
Section 3-402 - Signature by Representative - (a) If a person acting, or purporting to act, as...
Section 3-403 - Unauthorized Signature - (a) Unless otherwise provided in this title or Title 4,...
Section 3-404 - Imposters; Fictitious Payees - (a) If an impostor, by use of the mails or...
Section 3-405 - Employer's Responsibility for Fraudulent Indorsement by Employee - (a) In this section: (1) “Employee” includes an independent contractor...
Section 3-406 - Negligence Contributing to Forged Signature or Alterations of Instrument - (a) A person whose failure to exercise ordinary care substantially...
Section 3-407 - Alteration - (a) “Alteration” means (i) an unauthorized change in an instrument...
Section 3-408 - Drawee Not Liable on Unaccepted Draft - A check or other draft does not of itself operate...
Section 3-409 - Acceptance of Draft; Certified Check - (a) “Acceptance” means the drawee's signed agreement to pay a...
Section 3-410 - Acceptance of Varying Draft - (a) If the terms of a drawee's acceptance vary from...
Section 3-411 - Refusal to Pay Cashier's Checks, Teller's Checks, and Certified Checks - (a) In this section, “obligated bank” means the acceptor of...
Section 3-412 - Obligation of Issuer of Note or Cashier's Check - The issuer of a note or cashier's check or other...
Section 3-413 - Obligation of Acceptor - (a) The acceptor of a draft is obliged to pay...
Section 3-414 - Obligation of Drawer - (a) This section does not apply to cashier's checks or...
Section 3-415 - Obligation of Indorser - (a) Subject to subsections (b), (c), (d), and (e) and...
Section 3-416 - Transfer Warranties - (a) A person who transfers an instrument for consideration warrants...
Section 3-417 - Presentment Warranties - (a) If an unaccepted draft is presented to the drawee...
Section 3-418 - Payment or Acceptance by Mistake - (a) Except as provided in subsection (c), if the drawee...
Section 3-419 - Instruments Signed for Accommodation - (a) If an instrument is issued for value given for...
Section 3-420 - Conversion of Instrument - (a) The law applicable to conversion of personal property applies...
Subtitle 5 - Dishonor
Section 3-501 - Presentment - (a) “Presentment” means a demand made by or on behalf...
Section 3-502 - Dishonor - (a) Dishonor of a note is governed by the following...
Section 3-503 - Notice of Dishonor - (a) The obligation of an indorser stated in § 3-415(a)...
Section 3-504 - Excused Presentment and Notice of Dishonor - (a) Presentment for payment or acceptance of an instrument is...
Section 3-505 - Evidence of Dishonor - (a) The following are admissible as evidence and create a...
Subtitle 6 - Discharge and Payment
Section 3-601 - Discharge and Effect of Discharge - (a) The obligation of a party to pay the instrument...
Section 3-602 - Payment - (a) Subject to subsection (b), an instrument is paid to...
Section 3-603 - Tender of Payment - (a) If tender of payment of an obligation to pay...
Section 3-604 - Discharge by Cancellation or Renunciation - (a) A person entitled to enforce an instrument, with or...
Section 3-605 - Discharge of Indorsers and Accommodation Parties - (a) In this section, the term “indorser” includes a drawer...