MCL - 174-1962-4A-5

UNIFORM COMMERCIAL CODE (EXCERPT)
Act 174 of 1962
Part 5
MISCELLANEOUS PROVISIONS
Document Type Description
Section 440.4951 Section Rights and obligations of party to funds transfer varied by agreement of affected party; “funds-transfer system rule” defined.
Section 440.4952 Section “Creditor process” defined and explained.
Section 440.4953 Section Powers of court with respect to funds transfer.
Section 440.4954 Section Receiving bank; authority to charge sender's account; credits.
Section 440.4955 Section Customer objection to payment; notification required.
Section 440.4956 Section Receiving bank; determination of interest payable.
Section 440.4957 Section Rights and obligations of parties; application of choice of law.