Michigan Compiled Laws
Act 289 of 1976 - Financing of Student Loan Programs (390.1351 - 390.1356)
Section 390.1355 - Notes or Bonds as Negotiable Instruments.

Sec. 5.
Whether or not notes or bonds issued pursuant to this act are within the definition of negotiable instruments under the applicable provisions of the uniform commercial code, 1962 PA 174, MCL 440.1101 to 440.11102, the notes or bonds shall be negotiable instruments within the meaning of and for all purposes of the provisions of the uniform commercial code, 1962 PA 174, MCL 440.1101 to 440.11102, subject only to the provisions of the notes or bonds for registration.
History: 1976, Act 289, Imd. Eff. Oct. 25, 1976 ;-- Am. 2000, Act 426, Eff. Mar. 28, 2001

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 390 - Universities and Colleges

Act 289 of 1976 - Financing of Student Loan Programs (390.1351 - 390.1356)

Section 390.1351 - Definitions.

Section 390.1352 - MCL 141.2101 to 141.2821, 141.151 to 141.153, and 141.101 to 141.140 Inapplicable to Borrowing Under Act; Purpose of Act; Provisions Cumulative as to Powers of Board; Bonds and Notes Subject to Agency Financing Reporting Act.

Section 390.1353 - Methods of Making Student Loan.

Section 390.1354 - Financing of Student Loan Program; Bonds or Notes Generally; Capital Cost.

Section 390.1355 - Notes or Bonds as Negotiable Instruments.

Section 390.1356 - Bonds, Notes, or Contracts Neither Evidence of State Indebtedness nor Grant of State Credit; Payment of Bonds, Notes, or Contracts.