Michigan Compiled Laws 174-1962-1-2 Part 2 General Definitions And Principles Of Interpretation (440.1201...440.1211)

• Section 440.1201 Definitions.
  (1) Unless the context otherwise requires, words or phrases defined in this section, or in the additional definitions contained in other articles of this...
• Section 440.1202 Definitions.
  For purposes of this act: (a) Subject to subdivision (f), a person has "notice" of a fact if the person has any of the...
• Section 440.1203 Transaction In Form Of Lease; "Remaining Economic Life Of The Goods" And "Reasonably Predictable" Fair Market Rent, Fair Market Value, Or Cost Of Performing Under Lease Agreement; Determination.
  (1) Whether a transaction in the form of a lease creates a lease or security interest is determined by the facts of each case....
• Section 440.1204 Value For Rights.
  Except as otherwise provided in articles 3, 4, and 5, a person gives value for rights if the person acquires them for any of...
• Section 440.1205 Time For Taking Action.
  (1) Whether a time for taking an action required by this act is reasonable depends on the nature, purpose, and circumstances of the action....
• Section 440.1206 Presumption.
  Whenever this act creates a "presumption" with respect to a fact, or provides that a fact is "presumed", the trier of fact must find...
• Section 440.1207 Repealed. 2012, Act 86, Eff. July 1, 2013.
  Compiler's Notes: The repealed section pertained to performance or acceptance of reservation of rights.
• Section 440.1208 Repealed. 2012, Act 86, Eff. July 1, 2013.
  Compiler's Notes: The repealed section pertained to right to accelerate or require collateral.
• Section 440.1209 Repealed. 2012, Act 86, Eff. July 1, 2013.
  Compiler's Notes: The repealed section pertained to subordination.
• Section 440.1210 Repealed. 2012, Act 86, Eff. July 1, 2013.
  Compiler's Notes: The repealed section pertained to definitions.
• Section 440.1211 Repealed. 2012, Act 86, Eff. July 1, 2013.
  Compiler's Notes: The repealed section pertained to contract, security, or instrument, and introduction of euro to agreement.

Last modified: October 10, 2016