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2014 Regular Session



Commercial Law - Maryland Uniform Commercial Code - Funds Transfers

Sponsored by:

Delegate Olszewski


Vetoed by the Governor (Duplicative)

Synopsis:Altering the applicability of provisions of the Maryland Uniform Commercial Code governing funds transfers; providing that the provisions apply to a specified remittance transfer except under specified circumstances; and establishing that, in the event of an inconsistency between an applicable provision of the Maryland Uniform Commercial Code governing funds transfers and an applicable provision of the federal Electronic Fund Transfer Act, the federal law governs to the extent of the inconsistency.
Analysis:Fiscal and Policy Note
All Sponsors:Delegate Olszewski
Additional Facts:Cross-filed with: SB0522
Bill File Type: Regular
Effective Date(s): October 1, 2014
Economic Matters   View Committee HearingFinance   View Committee Hearing
Broad Subject(s):Commercial Law - Generally
Narrow Subject(s):Electronic Funds Transfer
Federal Government
Uniform Laws

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October 24, 2017 1:50 P.M.