Michigan Compiled Laws
Article 4A - Funds Transfers (440.4601...440.4957)
174-1962-4A-4 - Part 4 Payment (440.4901...440.4906)

Section 440.4901 - “Payment Date” Defined. - Sec. 4A401. "Payment date" of a payment order means the...

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 Payment; Right of Sender to Be Excused From Obligat... - Sec. 4A402. (1) This section is subject to sections 4A205...

Section 440.4903 - Sender's Obligation Under MCL 440.4902 to Pay Receiving Bank; Payment Requirements; Final Settlement; Satisfaction of Sender's Payment Obligation. - Sec. 4A403. (1) Payment of the sender's obligation under section...

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; Instruction to Pay to Beneficiary's Account; Notice... - Sec. 4A404. (1) Subject to sections 4A211(5), 4A405(4), and 4A405(5),...

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; Provisional Payments to Beneficiary Under Funds-Transfer Sy... - Sec. 4A405. (1) If the beneficiary's bank credits an account...

Section 440.4906 - Originator of Funds Transfer; Conditions for Payment to Beneficiary; Satisfaction and Discharge of Obligation; Determination; Rights Varied by Agreement. - Sec. 4A406. (1) Subject to sections 4A211(5), 4A405(4), and 4A405(5),...