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Alexander's British statutes in force in Maryland. 2d ed., 1912
Volume 194, Page 887   View pdf image (33K)
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3 & 4 ANN. CAP. 9, PROMISSORY NOTES. 887
VI. Provided, That no such Protest shall be necessary, either
for (Non-acceptance or) Non-payment of any Inland Bill of Ex-
change, unless the Value be acknowledged and expressed in
* such Bill to be received, and unless such Bill be drawn for 653
the Payment of Twenty Pounds Sterling or upwards; and that
the Protest, hereby required for Non-acceptance, shall be made
by such Persons as are appointed by the said recited Act to pro-
test Inland Bills of Exchange for Non-payment thereof.
VII. And be it further enacted, That from and after the said
First Day of May, if any Person doth accept any such Bill of
Exchange for and in Satisfaction of any former Debt, or Sum of
Money formerly due unto him, the same shall be accounted and
esteemed a full and complete Payment of such Debt, if such
Person, accepting of any such Bill for his Debt, doth not take
his due course to obtain Payment thereof, by endeavouring to
get the same accepted and paid, and make his Protest, as afore-
said, either for Non-acceptance, or Non-payment thereof.
VIII. Provided, That nothing herein contained shall extend
to discharge any Remedy, that any Person may have against
the Drawer, Accepter or Indorser of such Bill.
IX. And be it further enacted by the Authority aforesaid,
That this Act shall continue and be in Force for the Space of
Three Years, from the said First Day of J/a; /, and from thence
to the end of the next Session of Parliament, and no longer.
Made perpetual by7 Annae, cap. 25. sec. 3.
I. Promissory notes may be assigned or indorsed, and Action main-
tained thereon, as on Inland Bills of Exchange. Plaintiff or Defendant
may recover Costs.
II. How Action shall be brought, 21 Jac. 1, c. 16.
III. Proviso against giving out Notes.
IV. 9 W. 3. c. 17. Party refusing to underwrite Bill of Exchange, such
Bill may be protested for Non-acceptance.
V. No Acceptance of Inland Bills of Exchange to be sufficient, unless
the same be underwritten, nor Drawer thereof liable to Costs, &c.
VI. No Protest necessary for Non-payment, unless the Bill be drawn
for 20L or upwards. By whom Protest shall be made.
VII. Acceptance of Bill esteemed a full payment of Debt.
VIII. Proviso.
I. A promissory note is defined to be an absolute promise in writing
to pay to another or order, or to another or bearer, a sum of money, either
at sight, or at a certain time after sight, or after date, or on demand.

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Alexander's British statutes in force in Maryland. 2d ed., 1912
Volume 194, Page 887   View pdf image (33K)
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