# Md. Code, Commercial Law § 22-509: –509

> Maryland · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MD_Agcl_T22_S5_S22-509

## Section

- **Citation:** Md. Code, Commercial Law § 22-509
- **Heading:** –509
- **Jurisdiction:** Maryland
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MD Code / Article gcl / Title 22 / Subtitle 5 / Section 22-509

## Text

Unless the accommodated licensee is a consumer, a term in a financial accommodation contract providing that the accommodated licensee’s obligations to the financier are irrevocable and independent is enforceable. The obligations become irrevocable and independent upon the licensee’s acceptance of the license or the financier’s giving of value, whichever occurs first.

## Nearby sections

- [Md. Code, Commercial Law § 22-501 §22–501.](https://www.frixlaw.com/law-library/statutes/STATE_MD_Agcl_T22_S5_S22-501.md)
- [Md. Code, Commercial Law § 22-502 §22–502.](https://www.frixlaw.com/law-library/statutes/STATE_MD_Agcl_T22_S5_S22-502.md)
- [Md. Code, Commercial Law § 22-503 §22–503.](https://www.frixlaw.com/law-library/statutes/STATE_MD_Agcl_T22_S5_S22-503.md)
- [Md. Code, Commercial Law § 22-504 §22–504.](https://www.frixlaw.com/law-library/statutes/STATE_MD_Agcl_T22_S5_S22-504.md)
- [Md. Code, Commercial Law § 22-505 §22–505.](https://www.frixlaw.com/law-library/statutes/STATE_MD_Agcl_T22_S5_S22-505.md)
- [Md. Code, Commercial Law § 22-506 §22–506.](https://www.frixlaw.com/law-library/statutes/STATE_MD_Agcl_T22_S5_S22-506.md)
- [Md. Code, Commercial Law § 22-507 §22–507.](https://www.frixlaw.com/law-library/statutes/STATE_MD_Agcl_T22_S5_S22-507.md)
- [Md. Code, Commercial Law § 22-508 §22–508.](https://www.frixlaw.com/law-library/statutes/STATE_MD_Agcl_T22_S5_S22-508.md)
- [Md. Code, Commercial Law § 22-509 §22–509.](https://www.frixlaw.com/law-library/statutes/STATE_MD_Agcl_T22_S5_S22-509.md)
- [Md. Code, Commercial Law § 22-510 §22–510.](https://www.frixlaw.com/law-library/statutes/STATE_MD_Agcl_T22_S5_S22-510.md)
- [Md. Code, Commercial Law § 22-511 §22–511.](https://www.frixlaw.com/law-library/statutes/STATE_MD_Agcl_T22_S5_S22-511.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MD_Agcl_T22_S5_S22-509. Check the current official text before relying on it. Not legal advice.