Maryland § 12-1401
Full text of Maryland Maryland Code § 12-1401, with citation guidance and answers to common questions.
§ 12-1401.
(a) In this subtitle the following words have the meanings indicated.
(b) (1) “Credit card processor” means a person that processes credit card or electronic commerce transactions on behalf of a business entity for a fee.
(2) “Credit card processor” includes:
(i) A merchant services provider;
(ii) A financial institution;
(iii) An independent sales organization; and
(iv) Any subsidiary or affiliate of an entity listed in items (i) through (iii) of this paragraph.
(c) “Merchant processing agreement” means a contract between a credit card processor and a business entity under which the business entity agrees to pay the credit card processor for processing credit card or electronic commerce transactions on behalf of the business entity.
Frequently Asked Questions About Maryland § 12-1401
What does Maryland Code § 12-1401 cover?
Section 12-1401 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 12-1401?
A common citation format is "Maryland Code § 12-1401" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 12-1401 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.