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MICHIGAN STATUTES AND CODES
174-1962-5 - ARTICLE 5 LETTERS OF CREDIT (440.5101...440.5118)
- Section 440.5101 - Uniform commercial code—letters of credit; short title of article.
- Section 440.5102 - Definitions.
- Section 440.5103 - Letters of credit; scope of article.
- Section 440.5104 - Issuance; authentication.
- Section 440.5105 - Consideration.
- Section 440.5106 - Credit; issuance; enforcement; revocation; expiration.
- Section 440.5107 - Confirmation; rights and obligations; request to advise; notice to transferee beneficiary.
- Section 440.5108 - Honoring or dishonoring presentation.
- Section 440.5109 - Forged or fraudulent document; injunction; findings of court.
- Section 440.5110 - Warranties on presentment or transfer.
- Section 440.5111 - Wrongful dishonor, repudiation, or breach; rights of claimant or applicant; liability of issuer, nominated person, or adviser; attorney fees; liquidated damages.
- Section 440.5112 - Right to draw or demand performance under letter of credit; transfer.
- Section 440.5113 - Rights of successor beneficiary.
- Section 440.5114 - Proceeds of letter of credit.
- Section 440.5115 - Commencement of action.
- Section 440.5116 - Jurisdiction; forum.
- Section 440.5117 - Rights of subrogation.
- Section 440.5118 - Document presented under letter of credit; security interest of issuer or nominated person.
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