2006 Michigan Compiled Laws - 174-1962-4A-5

UNIFORM COMMERCIAL CODE (EXCERPT)
Act 174 of 1962
Part 5
MISCELLANEOUS PROVISIONS

DocumentDescription
Section 440.4951Rights and obligations of party to funds transfer varied by agreement of affected party; "funds-transfer system rule" defined.
Section 440.4952"Creditor process" defined and explained.
Section 440.4953Powers of court with respect to funds transfer.
Section 440.4954Receiving bank; authority to charge sender's account; credits.
Section 440.4955Customer objection to payment; notification required.
Section 440.4956Receiving bank; determination of interest payable.
Section 440.4957Rights and obligations of parties; application of choice of law.

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