Sec. 3401.
(1) A person is not liable on an instrument unless (i) the person signed the instrument, or (ii) the person is represented by an agent or representative who signed the instrument and the signature is binding on the represented person under section 3402.
(2) A signature may be made (i) manually or by means of a device or machine, and (ii) by the use of any name, including a trade or assumed name, or by a word, mark, or symbol executed or adopted by a person with present intention to authenticate a writing.
History: 1962, Act 174, Eff. Jan. 1, 1964 ;-- Am. 1993, Act 130, Eff. Sept. 30, 1993
Structure Michigan Compiled Laws
Chapter 440 - Uniform Commercial Code
Act 174 of 1962 - Uniform Commercial Code (440.1101 - 440.11102)
Article 3 - Negotiable Instruments (440.3101...440.3805)
174-1962-3-4 - Part 4 Liability of Parties (440.3401...440.3420)
Section 440.3401 - Liability; Signature.
Section 440.3402 - Liability of Parties; Signature by Authorized Representative.
Section 440.3403 - Unauthorized Signature; Effect.
Section 440.3407 - Alteration; Definition; Discharge of Party Affected; Enforcement of Rights.
Section 440.3408 - Check or Draft; Operation as Assignment.
Section 440.3410 - Acceptance Varying From Terms of Draft.
Section 440.3413 - Draft; Obligation to Pay According to Terms; Amount.
Section 440.3415 - Dishonored Instrument; Obligation and Liability of Endorser.
Section 440.3416 - Transfer of Instrument for Consideration; Endorsement; Warranties.
Section 440.3417 - Presentment of Unaccepted or Dishonored Draft; Rights of Parties.
Section 440.3418 - Payment or Acceptance by Mistake.