Michigan Compiled Laws
Act 174 of 1962 - Uniform Commercial Code (440.1101 - 440.11102)
Article 1 - General Provisions (440.1101...440.1310)

174-1962-1-1 - Part 1 Short Title, Construction, Application and Subject Matter of the Act (440.1101...440.1108)

Section 440.1101 - Uniform Commercial Code; Short Title of Act; Heading of Article. - Sec. 1101. (1) This act shall be known and may...

Section 440.1102 - Applicability of Articles. - Sec. 1102. This article applies to a transaction to the...

Section 440.1103 - Construction of Act. - Sec. 1103. (1) This act must be liberally construed and...

Section 440.1104 - Construction of Act as to Implied Repeal by Subsequent Legislation. - Sec. 1104. This act being a general act intended as...

Section 440.1105 - Repealed. 2012, Act 86, Eff. July 1, 2013. - Compiler's Notes: The repealed section pertained to effectiveness of certain...

Section 440.1106 - Meanings. - Sec. 1106. All of the following apply in this act,...

Section 440.1107 - Repealed. 2012, Act 86, Eff. July 1, 2013. - Compiler's Notes: The repealed section pertained to discharge of claims...

Section 440.1108 - Electronic Signatures. - Sec. 1108. This article modifies, limits, and supersedes the electronic...

174-1962-1-2 - Part 2 General Definitions and Principles of Interpretation (440.1201...440.1211)

Section 440.1201 - Definitions. - Sec. 1201. (1) Unless the context otherwise requires, words or...

Section 440.1202 - Definitions. - Sec. 1202. For purposes of this act: (a) Subject to...

Section 440.1203 - Transaction in Form of Lease; "Remaining Economic Life of the Goods" and "Reasonably Predictable" Fair Market Rent, Fair Market Value, or Cost of Performing Under Lease Agreement; Determination. - Sec. 1203. (1) Whether a transaction in the form of...

Section 440.1204 - Value for Rights. - Sec. 1204. Except as otherwise provided in articles 3, 4,...

Section 440.1205 - Time for Taking Action. - Sec. 1205. (1) Whether a time for taking an action...

Section 440.1206 - Presumption. - Sec. 1206. Whenever this act creates a "presumption" with respect...

Section 440.1207 - Repealed. 2012, Act 86, Eff. July 1, 2013. - Compiler's Notes: The repealed section pertained to performance or acceptance...

Section 440.1208 - Repealed. 2012, Act 86, Eff. July 1, 2013. - Compiler's Notes: The repealed section pertained to right to accelerate...

Section 440.1209 - Repealed. 2012, Act 86, Eff. July 1, 2013. - Compiler's Notes: The repealed section pertained to subordination.

Section 440.1210 - Repealed. 2012, Act 86, Eff. July 1, 2013. - Compiler's Notes: The repealed section pertained to definitions.

Section 440.1211 - Repealed. 2012, Act 86, Eff. July 1, 2013. - Compiler's Notes: The repealed section pertained to contract, security, or...

174-1962-1-3 - Part 3 Territorial Applicability and General Rules (440.1301...440.1310)

Section 440.1301 - Applicability of Law of This State or Other State or Nation; Applicability of Act to Transactions Bearing Relation to State; Provisions Specifying Applicable Law. - Sec. 1301. (1) Except as otherwise provided in this section,...

Section 440.1302 - Agreements; "Unless Otherwise Agreed"; Implication. - Sec. 1302. (1) Except as otherwise provided in subsection (2)...

Section 440.1303 - Course of Performance, Course of Dealing, or Usage of Trade. - Sec. 1303. (1) For purposes of this act, a "course...

Section 440.1304 - Good Faith Obligation. - Sec. 1304. Every contract or duty within this act imposes...

Section 440.1305 - Administration of Remedies; Enforcement of Right or Obligation. - Sec. 1305. (1) The remedies provided in this act must...

Section 440.1306 - Claim or Right Arising Out of Alleged Breach; Discharge. - Sec. 1306. A claim or right arising out of an...

Section 440.1307 - Prima Facie Evidence of Certain Documents. - Sec. 1307. A document in due form purporting to be...

Section 440.1308 - Performance or Promise of Performance; Effect of Reservation of Rights; Applicability of Subsection (1) to Accord and Satisfaction. - Sec. 1308. (1) A party that with explicit reservation of...

Section 440.1309 - Accelerating Payment or Performance or Requiring Collateral or Additional Collateral. - Sec. 1309. A term providing that 1 party or that...

Section 440.1310 - Subordination. - Sec. 1310. An obligation may be issued as subordinated to...