There is a newer version of the Michigan Compiled Laws
2006 Michigan Compiled Laws - 174-1962-5
| Act 174 of 1962 LETTERS OF CREDIT |
| Document | Description |
| 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. |
Disclaimer: These codes may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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