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

UNIFORM COMMERCIAL CODE (EXCERPT)
Act 174 of 1962
Part 4
RELATIONSHIP BETWEEN PAYOR BANK AND ITS CUSTOMER

DocumentDescription
Section 440.4401Payor bank; charge against customer's account.
Section 440.4402Payor bank; wrongful dishonor; liability to customer; determination of account balance.
Section 440.4403Customer's right to stop payment; lapse and renewal; burden of proof of loss.
Section 440.4404Payment of checks more than 6 months old.
Section 440.4405Death or incompetence of customer.
Section 440.4406Statement 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 440.4407Improper payment; subrogation of payor bank.

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