MCL - 174-1962-4-4
Act 174 of 1962
RELATIONSHIP BETWEEN PAYOR BANK AND ITS CUSTOMER
| Document | Type | Description |
|---|---|---|
| Section 440.4401 | Section | Payor bank; charge against customer's account. |
| Section 440.4402 | Section | Payor bank; wrongful dishonor; liability to customer; determination of account balance. |
| Section 440.4403 | Section | Customer's right to stop payment; lapse and renewal; burden of proof of loss. |
| Section 440.4404 | Section | Payment of checks more than 6 months old. |
| Section 440.4405 | Section | Death or incompetence of customer. |
| Section 440.4406 | Section | 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 | Section | Improper payment; subrogation of payor bank. |