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Subtitle 1 - Subject Matter and Definitions
Section 4A-101 - Short Title - This title may be cited as Maryland Uniform Commercial Code...
Section 4A-102 - Subject Matter - Except as otherwise provided in § 4A-108 of this subtitle,...
Section 4A-103 - Payment Order; Definitions - (a) In this title: (1) “Payment order” means an instruction...
Section 4A-104 - Funds Transfer; Definitions - In this title: (1) “Funds transfer” means the series of...
Section 4A-105 - Other Definitions - (a) In this title: (1) “Authorized account” means a deposit...
Section 4A-106 - Time Payment Order Is Received - (a) (1) The time of receipt of a payment order...
Section 4A-107 - Federal Reserve Regulations and Operating Circulars - Regulations of the board of governors of the Federal Reserve...
Section 4A-108 - Exclusion of Consumer Transactions Governed by Federal Law; Exception - (a) Except as provided in subsection (b) of this section,...
Subtitle 2 - Issue and Acceptance of Payment Order
Section 4A-201 - Security Procedure - (a) “Security procedure” means a procedure established by agreement of...
Section 4A-202 - Authorized and Verified Payment Orders - (a) A payment order received by the receiving bank is...
Section 4A-203 - Unenforceability of Certain Verified Payment Orders - (a) If an accepted payment order is not an authorized...
Section 4A-204 - Refund of Payment and Duty of Customer to Report With Respect to Unauthorized Payment Order - (a) (1) If a receiving bank accepts a payment order...
Section 4A-205 - Erroneous Payment Orders - (a) If an accepted payment order was transmitted pursuant to...
Section 4A-206 - Transmission of Payment Order Through Funds Transfer or Other Communication System - (a) (1) If a payment order addressed to a receiving...
Section 4A-207 - Misdescription of Beneficiary - (a) Subject to subsection (b) of this section, if, in...
Section 4A-208 - Misdescription of Intermediary Bank or Beneficiary's Bank - (a) In the case where a payment order identifies an...
Section 4A-209 - Acceptance of Payment Order - (a) Subject to subsection (d) of this section, a receiving...
Section 4A-210 - Rejection of Payment Order - (a) (1) A payment order is rejected by the receiving...
Section 4A-211 - Cancellation and Amendment of Payment Order - (a) A communication of the sender of a payment order...
Section 4A-212 - Liability and Duty of Receiving Bank Regarding Unaccepted Payment Order - If a receiving bank fails to accept a payment order...
Subtitle 3 - Execution of Sender's Payment Order by Receiving Bank
Section 4A-301 - Execution and Execution Date - (a) A payment order is “executed” by the receiving bank...
Section 4A-302 - Obligations of Receiving Bank in Execution of Payment Order - (a) Except as provided in subsections (b) through (d) of...
Section 4A-303 - Erroneous Execution of Payment Order - (a) A receiving bank that: (1) Executes the payment order...
Section 4A-304 - Duty of Sender to Report Erroneously Executed Payment Order - (a) If the sender of a payment order that is...
Section 4A-305 - Liability for Late or Improper Execution or Failure to Execute Payment Order - (a) If a funds transfer is completed but execution of...
Subtitle 4 - Payment
Section 4A-401 - Payment Date - Payment date” of a payment order means the day on...
Section 4A-402 - Obligation of Sender to Pay Receiving Bank - (a) This section is subject to §§ 4A-205 and 4A-207...
Section 4A-403 - Payment by Sender to Receiving Bank - (a) Payment of the sender’s obligation under § 4A-402 of...
Section 4A-404 - Obligation of Beneficiary's Bank to Pay and Give Notice to Beneficiary - (a) Subject to §§ 4A-211(e) and 4A-405(d) and (e) of...
Section 4A-405 - Payment by Beneficiary's Bank to Beneficiary - (a) If the beneficiary’s bank credits an account of the...
Section 4A-406 - Payment by Originator to Beneficiary; Discharge of Underlying Obligation - (a) Subject to §§ 4A-211(e) and 4A-405(d) and (e) of...
Subtitle 5 - Miscellaneous Provisions
Section 4A-501 - Variation by Agreement and Effect of Funds-Transfer System Rule - (a) Except as otherwise provided in this title, the rights...
Section 4A-502 - Creditor Process Served on Receiving Bank; Setoff by Beneficiary's Bank - (a) As used in this section, “creditor process” means levy,...
Section 4A-503 - Injunction or Restraining Order With Respect to Funds Transfer - For proper cause and in compliance with applicable law, a...
Section 4A-504 - Order in Which Items and Payment Orders May Be Charged to Account; Order of Withdrawals From Account - (a) If a receiving bank has received more than 1...
Section 4A-505 - Preclusion of Objection to Debit of Customer's Account - If a receiving bank has received payment from its customer...
Section 4A-506 - Rate of Interest - (a) If, under this title, a receiving bank is obliged...
Section 4A-507 - Choice of Law - (a) The following rules apply unless the affected parties otherwise...