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Part 5 Collection of Documentary Drafts (440.4501...440.4504)
Law
Michigan Compiled Laws
Uniform Commercial Code
174 of 1962 - Uniform Commercial Code (440.1101 - 440.11102)
Bank Deposits and Collections (440.4101...440.4504)
Part 5 Collection of Documentary Drafts (440.4501...440.4504)
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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.