Michigan Compiled Laws 174-1962-3-5 Part 5 Dishonor (440.3501...440.3511)

• Section 440.3501 Presentment; Definition; Manner; Rights Of Party To Whom Presentment Is Made.
  (1) “Presentment” means a demand made by or on behalf of a person entitled to enforce an instrument (i) to pay the instrument made...
• Section 440.3502 Notes And Drafts; Dishonor.
  (1) Dishonor of a note is governed by the following rules: (a) If the note is payable on demand, the note is dishonored if...
• Section 440.3503 Notice Of Dishonor; Manner; Sufficiency; Time Periods.
  (1) The obligation of an endorser stated in section 3415(2) and the obligation of a drawer stated in section 3414(4) may not be enforced...
• Section 440.3504 Presentment, Notice Of Dishonor, Or Delay In Giving Notice Of Dishonor; Conditions For Excuse.
  (1) Presentment for payment or acceptance of an instrument is excused if (i) the person entitled to present the instrument cannot with reasonable diligence...
• Section 440.3505 Admissible Evidence Creating Presumption Of Dishonor; Protest.
  (1) The following are admissible as evidence and create a presumption of dishonor and of any notice of dishonor stated: (a) A document regular...
• Section 440.3506-440.3511 Repealed. 1993, Act 130, Eff. Sept. 30, 1993.
  Compiler's Notes: The repealed sections pertained to presentment, dishonor, notice of dishonor, and protest.

Last modified: October 10, 2016