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Current as of January 01, 2025 | Updated by Findlaw Staff
(a) Notwithstanding any other provisions of this article, §§ 15-802 and 15-803 of this subtitle do not apply to any check:
(1) Tendered by a maker or drawer in complete or partial satisfaction of a preexisting credit or loan obligation incurred by the maker or drawer under Title 12 of this article; or
(2) That is not a bad check as described under § 8-103 of the Criminal Law Article.
(b) Notwithstanding any other provision of this article, §§ 15-802 and 15-803 of this subtitle shall be construed to grant any holder to whom the check or other instrument was issued or negotiated a right of recourse which is alternative to any other right of recourse granted to that holder under Title 3 of this article.
Cite this article: FindLaw.com - Maryland Code, Commercial Law § 15-804 - last updated January 01, 2025 | https://codes.findlaw.com/md/commercial-law/md-code-coml-sect-15-804/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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