Michigan Compiled Laws
Article 4 - Bank Deposits and Collections (440.4101...440.4504)
174-1962-4-5 - Part 5 Collection of Documentary Drafts (440.4501...440.4504)

Section 440.4501 - Documentary Draft; Presentment, Notice of Dishonor. - Sec. 4501. A bank which takes a documentary draft for...

Section 440.4502 - Documentary Draft; Presentment on Arrival of Goods, Refusal for Non-Arrival; Notice to Transferor. - Sec. 4502. When a draft or the relevant instructions require...

Section 440.4503 - Documentary Draft; Responsibility of Presenting Bank for Documents and Goods; Report of Reasons for Dishonor; Referees; Expenses. - Sec. 4503. Unless otherwise instructed and except as provided in...

Section 440.4504 - Documentary Draft; Presenting Bank's Right to Deal With Goods; Lien for Expenses. - Sec. 4504. (1) A presenting bank which, following the dishonor...