Section 12-1402 - Subtitle not applicable to merchant processing agreement between credit card processor and business entity under certain conditionsThis 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.Added by 2019 Md. Laws, Ch. 296,Sec. 1, eff. 10/1/2019.