2006 Michigan Compiled Laws - 174-1962-4-2

UNIFORM COMMERCIAL CODE (EXCERPT)
Act 174 of 1962 Part 2
COLLECTION OF ITEMS: DEPOSITARY AND COLLECTING BANKS

Document	Description
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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