Md. Code, Commercial Law § 22-212
This is the official text of Md. Code, Commercial Law § 22-212, part of Maryland’s Code, Commercial Law — governs commercial transactions - Maryland's version of the Uniform Commercial Code.
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§22–212.
Official statutory text
The efficacy, including the commercial reasonableness, of an attribution procedure is determined by the court. In making this determination, the following rules apply:
(1) An attribution procedure established by law is effective for transactions within the coverage of the statute or rule.
(2) Except as otherwise provided in paragraph (1) of this section, commercial reasonableness and effectiveness is determined in light of the purposes of the procedure and the commercial circumstances at the time the parties agreed to or adopted the procedure.
(3) An attribution procedure may use any security device or method that is commercially reasonable under the circumstances.
(1) An attribution procedure established by law is effective for transactions within the coverage of the statute or rule.
(2) Except as otherwise provided in paragraph (1) of this section, commercial reasonableness and effectiveness is determined in light of the purposes of the procedure and the commercial circumstances at the time the parties agreed to or adopted the procedure.
(3) An attribution procedure may use any security device or method that is commercially reasonable under the circumstances.
Status: in_force · Read it on the official government site
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