There is a newer version of the Michigan Compiled Laws
2006 Michigan Compiled Laws - 174-1962-4-4
Act 174 of 1962 RELATIONSHIP BETWEEN PAYOR BANK AND ITS CUSTOMER |
Document | Description |
Section 440.4401 | Payor bank; charge against customer's account. |
Section 440.4402 | Payor bank; wrongful dishonor; liability to customer; determination of account balance. |
Section 440.4403 | Customer's right to stop payment; lapse and renewal; burden of proof of loss. |
Section 440.4404 | Payment of checks more than 6 months old. |
Section 440.4405 | Death or incompetence of customer. |
Section 440.4406 | Statement of account; identification of items paid; retention of items or copies; customer's duty to discover and report unauthorized signature or alteration; failure to comply with subsection (3); failure of bank to exercise ordinary care in paying item; time limitation. |
Section 440.4407 | Improper payment; subrogation of payor bank. |
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