Md. Code, Commercial Law § 12-1402

§12–1402.

Year: 2026Length: 73 wordsOfficial source
This subtitle does not apply to a merchant processing agreement between a credit card processor and a business entity: (1) That may be terminated without assessment of fees, fines, penalties, or liquidated damages; or (2) If at the time of entry into the merchant processing agreement, the business entity employs 50 or more employees or reasonably estimates that it will generate more than $2,000,000 in credit card or electronic commerce transactions each year.
Md. Code, Commercial Law § 12-1402: §12–1402. | Justis AI