Sec. 4111.
An action to enforce an obligation, duty, or right arising under this article must be commenced within 3 years after the cause of action accrues.
History: Add. 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 4 - Bank Deposits and Collections (440.4101...440.4504)
174-1962-4-1 - Part 1 General Provisions and Definitions (440.4101...440.4111)
Section 440.4101 - Uniform Commercial Code—bank Deposits and Collections; Short Title.
Section 440.4102 - Conflict of Laws; Provisions Applicable.
Section 440.4103 - Variation by Agreement; Measure of Damages; Action Constituting Ordinary Care.
Section 440.4104 - Definitions Used in Article.
Section 440.4105 - Additional Definitions.
Section 440.4106 - “Payable Through” and “Payable At” Explained; Bank as Collecting Bank.
Section 440.4107 - Bank Branch or Separate Office as Separate Bank.
Section 440.4108 - Time of Receipt of Items.
Section 440.4109 - Collecting Bank; Waiving, Modifying, or Extending Time Limits; Excuse for Delay.
Section 440.4110 - “Agreement for Electronic Presentment” Defined; Presentment Notice.
Section 440.4111 - Commencement of Action Under Article; Time Period.