Md. Code, Commercial Law § 12-1402

Md. Code, Commercial Law § 12-1402
in effect
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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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gcl&section=12-1402&enactments=falseFetched: 10/16/2026

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