Home  > LawServer Pro  > Business Law  > Maryland Code, Commercial Law 15-402 
Search the Maryland Codes

Maryland Code, Commercial Law 15-402

Maryland Code > Commercial Law > § 15-402


Current as of: 2010
        (a)   Subject to the provisions of subsection (d) of this section, the assignee of a bond or other obligation under seal which was assigned under the assignor’s signature and seal, may maintain an action in his name against the obligor named in the bond or other obligation.
(b)   Except as provided in subsection (c) of this section, if the assignee cannot recover the debt from the obligor because the obligor is unable to pay it or cannot be found, or for any other reason, the assignee may maintain an action against the obligee, unless the assignee is a surety in the bond or other obligation.
(c)   If because of the negligence or default of the assignee, he cannot recover the debt from the obligor, the assignee may not maintain an action against the obligee.
(d)   An action may not be maintained by the assignee against the obligor unless the obligee certifies before a notary public, in writing on the bond or other obligation, that at the time of the assignment the obligor still owed the amount for which the action is filed.
Prev | Next

________________________________________________________________________

Questions & Answers: Business Law

The lenders broker locked in my rate without telling me. I have not signed nor do I intend to sign this lock in agreement. Am I obligated to accept this interest rate, the current ...
If a company refuses a refund on grounds that their refund policy does not apply to Category Y (when based on federal law the product is in Category A), is that a deceptive practic...
Margot, Whatever the federal law is that you refer to, I would guess it probably does not apply to store refund policies but to some other context. So just because there is a fede...
Thank you for your reply. The question is over "cosmeceutical," a term not recognized by the FDA, but in any case, even in common parlance, the item in question is not a cosmetic,...
Does 1641 statute apply to property claims adjusters?...
I bought two year online education program. during the warranty period, the exam subjects were changed. then I can't use my paperbook and I am not satisfied with the unchanged prog...
See also:
Maryland Code > Commercial Law
Comments (0)add comment

Post a comment or question below.
smaller | bigger

busy
 
Email  Email Print  Print   Digg

Richards Patent Law
Richards Patent Law specializes in protecting its clients’ inventions and assisting its clients in marketing their products without infringing others intellectual property rights.  Richards Patent Law offers free consultations to help you identify your intellectual property needs and formulate an appropriate intellectual property strategy.  We also offer a variety of cost effective fee arrangements, including flat fees and hourly rates.  To speak with an experienced patent attorney, call Richards Patent Law at 773.697.8732 or email patrick@richardspatentlaw.com to schedule a consultation.

3501 N. Southport Ave., Suite 493
Chicago, Illinois 60657
Practice Areas: Patents, Patent Law
www.richardspatentlaw.com/
monotone-frail