Michigan Compiled Laws
Article 4A - Funds Transfers (440.4601...440.4957)
174-1962-4A-3 - Part 3 Execution of Sender's Payment Order by Receiving Bank (440.4801...440.4805)

Section 440.4801 - Execution of Payment Order; “Execution Date” Defined. - Sec. 4A301. (1) A payment order is "executed" by the...

Section 440.4802 - Receiving Bank; Acceptance of Payment Order Pursuant to MCL 440.4709(1); Obligations of Bank to Execute Order; Use of Funds-Transfer System; Transmission by First-Class Mail or Reasonable Means; Payment of Charges for Services and... - Sec. 4A302. (1) Except as provided in subsections (2) through...

Section 440.4803 - Receiving Bank; Payment of Sender's Order Pursuant to MCL 440.4902(3); Effect of Erroneous Payment Order; Applicability of Subsection (2); Obligation of Sender to Pay Payment Order; Recovery by Issuer From Beneficiary. - Sec. 4A303. (1) A receiving bank that executes the payment...

Section 440.4804 - Notification From Receiving Bank of Erroneously Executed Payment Order; Duties of Sender; Obligation to Pay Interest; Recovery by Bank Prohibited. - Sec. 4A304. If the sender of a payment order that...

Section 440.4805 - Receiving Bank; Payment Delay; Interest; Liability to Originator for Expenses Resulting From Improper Execution; Recovery of Damages; Failure to Execute Pursuant to Express Agreement; Attorney Fees; Liability of Bank Under Subsecti... - Sec. 4A305. (1) If a funds transfer is completed but...