MCL - Index of 174-1962-4
NOTE: Dates reflect any modification to item, not necessarily a change in law.
| Title | Subject |
|---|---|
| 174-1962-4 | ARTICLE 4 BANK DEPOSITS AND COLLECTIONS (440.4101...440.4504) |
| 174-1962-4-1 | PART 1 GENERAL PROVISIONS AND DEFINITIONS (440.4101...440.4111) |
| Section 440.4101 | Uniform commercial code—bank deposits and collections; short title. |
| Section 440.4102 | Conflict of laws; provisions applicable. |
| Section 440.4103 | Variation by agreement; measure of damages; action constituting ordinary care. |
| Section 440.4104 | Definitions used in article. |
| Section 440.4105 | Additional definitions. |
| Section 440.4106 | “Payable through” and “payable at” explained; bank as collecting bank. |
| Section 440.4107 | Bank branch or separate office as separate bank. |
| Section 440.4108 | Time of receipt of items. |
| Section 440.4109 | Collecting bank; waiving, modifying, or extending time limits; excuse for delay. |
| Section 440.4110 | “Agreement for electronic presentment” defined; presentment notice. |
| Section 440.4111 | Commencement of action under article; time period. |
| 174-1962-4-2 | PART 2 COLLECTION OF ITEMS: DEPOSITARY AND COLLECTING BANKS (440.4201...440.4216) |
| Section 440.4201 | Agency status of banks; provisional status of credits; applicability of article; endorsement with pay any bank. |
| Section 440.4202 | Collecting bank; duties; exercising ordinary care; liability. |
| Section 440.4203 | Collecting bank; instructions from transferor. |
| Section 440.4204 | Collecting bank; methods of sending items; presentment. |
| Section 440.4205 | Depositary bank; item delivered by customer for collection. |
| Section 440.4206 | Transfer between banks. |
| Section 440.4207 | Warranties of customer and collecting bank on transfer of items; accrual of cause of action. |
| Section 440.4208 | Presentment of unaccepted or dishonored draft; warranties of person obtaining payment and prior transferor; discharge; accrual of cause of action. |
| Section 440.4209 | Electronic presentment; encoding of information and retaining items; warranties; recovery of damages, expenses, and loss of interest. |
| Section 440.4210 | Security interest of collecting bank in items, accompanying documents, or proceeds. |
| Section 440.4211 | Bank with security interest as holder in due course. |
| Section 440.4212 | Presentment by notice of item not payable by, through, or at a bank; treating item as dishonored. |
| Section 440.4213 | Settlement; medium and time. |
| Section 440.4214 | Right to charge-back or refund. |
| Section 440.4215 | Final payment of items by payor bank; final credit; availability of credit for withdrawal. |
| Section 440.4216 | Payor or collecting bank; suspension of payments. |
| 174-1962-4-3 | PART 3 COLLECTION OF ITEMS: PAYOR BANKS (440.4301...440.4303) |
| Section 440.4301 | Demand items; recovery of settlement; time of dishonor; return of items. |
| Section 440.4302 | Payor bank; accountability upon presentment and receipt of item; defenses. |
| Section 440.4303 | Payor bank; items subject to knowledge notice, stop-payment order, legal process, or setoff; order in which times may be handled. |
| 174-1962-4-4 | PART 4 RELATIONSHIP BETWEEN PAYOR BANK AND ITS CUSTOMER (440.4401...440.4407) |
| Section 440.4401 | Payor bank; charge against customer's account. |
| Section 440.4402 | Payor bank; wrongful dishonor; liability to customer; determination of account balance. |
| Section 440.4403 | Customer's right to stop payment; lapse and renewal; burden of proof of loss. |
| Section 440.4404 | Payment of checks more than 6 months old. |
| Section 440.4405 | Death or incompetence of customer. |
| Section 440.4406 | Statement of account; identification of items paid; retention of items or copies; customer's duty to discover and report unauthorized signature or alteration; failure to comply with subsection (3); failure of bank to exercise ordinary care in paying item; time limitation. |
| Section 440.4407 | Improper payment; subrogation of payor bank. |
| 174-1962-4-5 | PART 5 COLLECTION OF DOCUMENTARY DRAFTS (440.4501...440.4504) |
| Section 440.4501 | Documentary draft; presentment, notice of dishonor. |
| Section 440.4502 | Documentary draft; presentment on arrival of goods, refusal for non-arrival; notice to transferor. |
| Section 440.4503 | Documentary draft; responsibility of presenting bank for documents and goods; report of reasons for dishonor; referees; expenses. |
| Section 440.4504 | Documentary draft; presenting bank's right to deal with goods; lien for expenses. |