Michigan Compiled Laws
174-1962-4-2 - Part 2 Collection of Items: Depositary and Collecting Banks (440.4201...440.4216)
Section 440.4206 - Transfer Between Banks.

Sec. 4206.
Any agreed method which identifies the transferor bank is sufficient for the item's further transfer to another bank.
History: 1962, Act 174, Eff. Jan. 1, 1964

Structure Michigan Compiled Laws

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)

174-1962-4-2 - Part 2 Collection of Items: Depositary and Collecting Banks (440.4201...440.4216)

Section 440.4201 - Agency Status of Banks; Provisional Status of Credits; Applicability of Article; Endorsement With Pay Any Bank.

Section 440.4202 - Collecting Bank; Duties; Exercising Ordinary Care; Liability.

Section 440.4203 - Collecting Bank; Instructions From Transferor.

Section 440.4204 - Collecting Bank; Methods of Sending Items; Presentment.

Section 440.4205 - Depositary Bank; Item Delivered by Customer for Collection.

Section 440.4206 - Transfer Between Banks.

Section 440.4207 - Warranties of Customer and Collecting Bank on Transfer of Items; Accrual of Cause of Action.

Section 440.4208 - Presentment of Unaccepted or Dishonored Draft; Warranties of Person Obtaining Payment and Prior Transferor; Discharge; Accrual of Cause of Action.

Section 440.4209 - Electronic Presentment; Encoding of Information and Retaining Items; Warranties; Recovery of Damages, Expenses, and Loss of Interest.

Section 440.4210 - Security Interest of Collecting Bank in Items, Accompanying Documents, or Proceeds.

Section 440.4211 - Bank With Security Interest as Holder in Due Course.

Section 440.4212 - Presentment by Notice of Item Not Payable By, Through, or at a Bank; Treating Item as Dishonored.

Section 440.4213 - Settlement; Medium and Time.

Section 440.4214 - Right to Charge-Back or Refund.

Section 440.4215 - Final Payment of Items by Payor Bank; Final Credit; Availability of Credit for Withdrawal.

Section 440.4216 - Payor or Collecting Bank; Suspension of Payments.