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Alexander's British statutes in force in Maryland. 2d ed., 1912
Volume 194, Page 884   View pdf image (33K)
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884 3 & 4 ANN. CAP. 9, PROMISSORY NOTES.
650* the Custom of Merchants, to any other Person; and that
such Person to whom the Sum of Money mentioned in such
Note is payable, cannot maintain an Action, by the Custom of
Merchants, against the Person who first made and signed the
same; and that any Person to whom such Note shall be assigned,
indorsed, or made payable, could not, within the said Custom
of Merchants, maintain any Action upon such Note against
the Person who first drew and signed the same: Therefore, to
the Intent to encourage Trade and Commerce, which will be
much advanced, if such Notes shall have the same Effect as In-
land Bills of Exchange, and shall be negotiated in like manner;
Be it enacted by the Queen's most Excellent Majesty, by and
with the Advice and Consent of the Lords Spiritual and Tem-
poral, and Commons, in this present Parliament assembled, and
by the Authority of the same, That all Notes in Writing, that
after the First Day of May, in the Year of Our Lord, One
thousand seven hundred and five, shall be made and signed by
any Person or Persons, Body Politick or Corporate, or by the
Servant or Agent of any Corporation, Banker, Goldsmith, Mer-
chant, or Trader, who is usually intrusted by him, her, or them,
to sign such Promissory Notes for him, her, or them, whereby
such Person or Persons, Body Politick and Corporate, bis, her,
or their Servant or Agent, as aforesaid, doth or shall promise to
pay to any other Person or Persons, Body Politick and Corpor-
ate, his, her, or their Order, or unto Bearer, any Sum of Money
mentioned in such Note, shall be taken and construed to be, by
virtue thereof, due and payable to any such Person or Persons,
Body Politick and Corporate, to whom the same is made pay-
able; and also every such Note payable to any Person or Per-
sons, Body Politick and Corporate, his, her, or their Order,
shall be assignable or indorsible over, in the same manner as
Inland Bills of Exchange are or may be, according to the Cus-
tom of Merchants; and that the Person or Persons, Body
Politick and Corporate, to whom such Sum of Money is or
shall be by such Note made payable, shall and may maintain
an Action for the same, in such manner as lie, she, or they
might do, upon any Inland Bill of Exchange, made or drawn
according to the Custom of Merchants, against the Person or
Persons, Body Politick and Corporate, who, or whose Servant
or Agent, as aforesaid, signed the same; and that any Person
or Persons, Body Politick and Corporate, to whom such Note

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Alexander's British statutes in force in Maryland. 2d ed., 1912
Volume 194, Page 884   View pdf image (33K)
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