Maryland Commercial Law Section 15-804

Article - Commercial Law

§ 15-804.

      (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.



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