Maryland Statutes

§ 3-606

Maryland·Article gfi Financial Institutions·Title 3
(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.

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Nearby Sections

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§ 3-101
§ 3-101
§ 3-102
§ 3-102
§ 3-103
§ 3-103
§ 3-201
§ 3-201
§ 3-202
§ 3-202
§ 3-203
§ 3-203
§ 3-203.1
§ 3-203.1
§ 3-204
§ 3-204
§ 3-205
§ 3-205
§ 3-206
§ 3-206
§ 3-207
§ 3-207
§ 3-208
§ 3-208
§ 3-209
§ 3-209
§ 3-211
§ 3-211
§ 3-211.1
§ 3-211.1
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