(a) An officer, employee, or agent of a commercial bank may not certify any draft drawn on the commercial bank unless the drawer has on deposit an amount equal to at least the amount of the draft.
(b) If a draft is certified in violation of this section by a person who is authorized to certify drafts, it is a valid obligation of the commercial bank.
Structure Maryland Statutes
Title 3 - Banking Institutions -- Commercial Banks
Subtitle 6 - Miscellaneous Regulations
Section 3-601 - Maximum Liabilities of Person to Commercial Bank
Section 3-604 - Acceptance of Drafts
Section 3-605 - Owning and Leasing Personal Property