Maryland Code, COMMERCIAL LAW 11-306
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Terms Used In Maryland Code, COMMERCIAL LAW 11-306
- Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
- certified mail: includes "registered mail"; and
(3) "registered mail" includes "certified mail". See - Fraud: Intentional deception resulting in injury to another.
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
(a) A party to a marketing agreement may not raise any defense set out in § 11-305 of this subtitle unless he gives written notice to the other party of his intent to terminate or cancel the agreement. This notice shall be given in person or by registered or certified mail at least 60 days before the date on which he intends to terminate or cancel it.
(b) The 60-day notice is not required if at the time of termination or cancellation of the marketing agreement any of the following is proven:
(1) Criminal misconduct;
(2) Fraud;
(3) Abandonment;
(4) Bankruptcy or insolvency of the dealer;
(5) Adulteration of product; or
(6) Giving a check which is dishonored for insufficient funds.
(c) If notice is given by registered or certified mail, it shall be effective on the date of mailing.