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MICHIGAN STATUTES AND CODES
174-1962-3-4 - PART 4 LIABILITY OF PARTIES (440.3401...440.3420)
- Section 440.3401 - Liability; signature.
- Section 440.3402 - Liability of parties; signature by authorized representative.
- Section 440.3403 - Unauthorized signature; effect.
- Section 440.3404 - Imposter; inducing issuance of instrument; endorsement in name of payee; failure to exercise ordinary care.
- Section 440.3405 - Definitions; fraudulent endorsement by employee or person acting in concert with employee.
- Section 440.3406 - Failure to exercise ordinary care contributing to alteration or forged instrument; allocation of loss; burden of proof.
- Section 440.3407 - Alteration; definition; discharge of party affected; enforcement of rights.
- Section 440.3408 - Check or draft; operation as assignment.
- Section 440.3409 - Acceptance of draft; definition; operation; “certified check” defined; refusal to certify.
- Section 440.3410 - Acceptance varying from terms of draft.
- Section 440.3411 - Obligated bank; definition; refusal to pay check; expenses or damages not recoverable.
- Section 440.3412 - Note, cashier's check, or other draft; obligation of issuer to pay according to terms.
- Section 440.3413 - Draft; obligation to pay according to terms; amount.
- Section 440.3414 - Applicability of section; unaccepted draft; dishonor; payment according to terms; acceptance by bank; discharge of drawer; obligation of drawer if acceptor not bank and draft dishon
- Section 440.3415 - Dishonored instrument; obligation and liability of endorser.
- Section 440.3416 - Transfer of instrument for consideration; endorsement; warranties.
- Section 440.3417 - Presentment of draft; rights of parties.
- Section 440.3418 - Payment or acceptance by mistake.
- Section 440.3419 - Accommodation parties.
- Section 440.3420 - Conversion.
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