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MICHIGAN STATUTES AND CODES
174-1962-4-2 - PART 2 COLLECTION OF ITEMS: DEPOSITARY AND COLLECTING BANKS (440.4201...440.4216)
- 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; time for claims.
- 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.
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