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    • Legislation USA
    • Maryland Statutes
    • Commercial Law
    • Title 3 - Negotiable Instruments
    • Subtitle 1 - General Provisions and Definitions
    • Section 3-107 - Instrument Payable in Foreign Money

    Maryland Statutes
    Subtitle 1 - General Provisions and Definitions
    Section 3-107 - Instrument Payable in Foreign Money

    Unless the instrument otherwise provides, an instrument that states the amount payable in foreign money may be paid in the foreign money or in an equivalent amount in dollars calculated by using the current bank-offered spot rate at the place of payment for the purchase of dollars on the day on which the instrument is paid.

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    Structure Maryland Statutes

    Maryland Statutes

    Commercial Law

    Title 3 - Negotiable Instruments

    Subtitle 1 - General Provisions and Definitions

    Section 3-101 - Short Title

    Section 3-102 - Subject Matter

    Section 3-103 - Definitions

    Section 3-104 - Negotiable Instrument

    Section 3-105 - Issue of Instrument

    Section 3-106 - Unconditional Promise or Order

    Section 3-107 - Instrument Payable in Foreign Money

    Section 3-108 - Payable on Demand or at Definite Time

    Section 3-109 - Payable to Bearer or to Order

    Section 3-110 - Identification of Person to Whom Instrument Is Payable

    Section 3-111 - Place of Payment

    Section 3-112 - Interest

    Section 3-113 - Date of Instrument

    Section 3-114 - Contradictory Terms of Instrument

    Section 3-115 - Incomplete Instrument

    Section 3-116 - Joint and Several Liability; Contribution

    Section 3-117 - Other Agreements Affecting Instrument

    Section 3-118 - Statute of Limitations

    Section 3-119 - Nature of Right to Defend Action

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