Michigan Compiled Laws § 440.3111 Place Of Payment.


440.3111 Place of payment.

Sec. 3111.

Except as otherwise provided for items in article 4, an instrument is payable at the place of payment stated in the instrument. If no place of payment is stated, an instrument is payable at the address of the drawee or maker stated in the instrument. If no address is stated, the place of payment is the place of business of the drawee or maker. If a drawee or maker has more than 1 place of business, the place of payment is any place of business of the drawee or maker chosen by the person entitled to enforce the instrument. If the drawee or maker has no place of business, the place of payment is the residence of the drawee or maker.


History: 1962, Act 174, Eff. Jan. 1, 1964 ;-- Am. 1993, Act 130, Eff. Sept. 30, 1993


Section: Previous  440.3104  440.3105  440.3106  440.3107  440.3108  440.3109  440.3110  440.3111  440.3112  440.3113  440.3114  440.3115  440.3116  440.3117  440.3118  Next

Last modified: October 10, 2016