PocketLaw | Michigan Compiled Laws | Part 2 Collection of Items:

Part 2 Collection of Items: Depositary and Collecting Banks (440.4201...440.4216)

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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.