MCL - Index of 174-1962-5

NOTE: Dates reflect any modification to item, not necessarily a change in law.
Title Subject
174-1962-5 ARTICLE 5 LETTERS OF CREDIT (440.5101...440.5118)
Section 440.5101 Uniform commercial code—letters of credit; short title of article.
Section 440.5102 Definitions.
Section 440.5103 Letters of credit; scope of article.
Section 440.5104 Issuance; authentication.
Section 440.5105 Consideration.
Section 440.5106 Credit; issuance; enforcement; revocation; expiration.
Section 440.5107 Confirmation; rights and obligations; request to advise; notice to transferee beneficiary.
Section 440.5108 Honoring or dishonoring presentation.
Section 440.5109 Forged or fraudulent document; injunction; findings of court.
Section 440.5110 Warranties on presentment or transfer.
Section 440.5111 Wrongful dishonor, repudiation, or breach; rights of claimant or applicant; liability of issuer, nominated person, or adviser; attorney fees; liquidated damages.
Section 440.5112 Right to draw or demand performance under letter of credit; transfer.
Section 440.5113 Rights of successor beneficiary.
Section 440.5114 Proceeds of letter of credit.
Section 440.5115 Commencement of action.
Section 440.5116 Jurisdiction; forum.
Section 440.5117 Rights of subrogation.
Section 440.5118 Document presented under letter of credit; security interest of issuer or nominated person.