State Codes and Statutes
Statutes > Maryland > Commercial-law > Title-15 > Subtitle-8 > 15-804§ 15-804. Applicability and construction of subtitle.
(a) Applicability of subtitle.- 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) Construction of subtitle.- 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.
[1998, ch. 682; 2002, ch. 213, § 6.]
