§ 12-1402
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/md/commercial-law/12-1402A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§12–1402.
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.