There is a newer version of the Michigan Compiled Laws
2014 Michigan Compiled Laws
Chapter 440 - UNIFORM COMMERCIAL CODE
Act 174 of 1962 UNIFORM COMMERCIAL CODE (440.1101 - 440.11102)
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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