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Statutes > Michigan Statutes > Chapter 440 - UNIFORM COMMERCIAL CODE > Act 174 of 1962 - UNIFORM COMMERCIAL CODE (440.1101 - 440.11102) > 174-1962-4A - ARTICLE 4A FUNDS TRANSFERS (440.4601...440.4957) > 174-1962-4A-4 - PART 4 PAYMENT (440.4901...440.4906)

174-1962-4A-4 - PART 4 PAYMENT (440.4901...440.4906)

  • Section 440.4901 - “Payment date” defined.
  • Section 440.4902 - Payment order issued to beneficiary or receiving bank subject to MCL 440.4705 and 440.4707; payment by sender; refund; right of sender executing payment order to receive or retain p
  • Section 440.4903 - Sender's obligation under MCL 440.4902 to pay receiving bank; payment requirements; final settlement; satisfaction of sender's payment obligation.
  • Section 440.4904 - Beneficiary bank; acceptance of payment order subject to MCL 440.4711(5), 440.4905(4), and 440.4905(5); payment due date; refusal of bank to pay after demand; recovery of damages; i
  • Section 440.4905 - Beneficiary bank; crediting account of beneficiary of payment order; payment of bank obligations under MCL 440.4904(1); time of payment; condition to payment or agreement; provision
  • Section 440.4906 - Originator of funds transfer; conditions for payment to beneficiary; satisfaction and discharge of obligation; determination; rights varied by agreement.




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