Maryland Statutes
§ 4-501
Maryland § 4-501
This text of Maryland § 4-501 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., Commercial Law § 4-501 (2026).
Text
A bank that takes a documentary draft for collection shall present or send the draft and accompanying documents for presentment and, upon learning that the draft has not been paid or accepted in due course, shall seasonably notify its customer of the fact even though it may have discounted or bought the draft or extended credit available for withdrawal as of right.
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Bluebook (online)
Maryland § 4-501, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gcl/4-501.