Michigan Compiled Laws 174-1962-4-4 Part 4 Relationship Between Payor Bank And Its Customer (440.4401...440.4407)

• Section 440.4401 Payor Bank; Charge Against Customer's Account.
  (1) A bank may charge against the account of a customer an item that is properly payable from that account even though the charge...
• Section 440.4402 Payor Bank; Wrongful Dishonor; Liability To Customer; Determination Of Account Balance.
  (1) Except as otherwise provided in this article, a payor bank wrongfully dishonors an item if it dishonors an item that is properly payable,...
• Section 440.4403 Customer's Right To Stop Payment; Lapse And Renewal; Burden Of Proof Of Loss.
  (1) A customer or any person authorized to draw on the account if there is more than 1 person may stop payment of any...
• Section 440.4404 Payment Of Checks More Than 6 Months Old.
  A bank is under no obligation to a customer having a checking account to pay a check, other than a certified check, which is...
• Section 440.4405 Death Or Incompetence Of Customer.
  (1) A payor or collecting bank's authority to accept, pay or collect an item or to account for proceeds of its collection if otherwise...
• Section 440.4406 Statement Of Account; Identification Of Items Paid; Retention Of Items Or Copies; Customer's Duty To Discover And Report Unauthorized Signature Or Alteration; Failure To Comply With Subsection (3); Failure Of Bank To Exercise Ordinary Care In Paying Item; Time Limitation.
  (1) A bank that sends or makes available to a customer a statement of account showing payment of items for the account shall either...
• Section 440.4407 Improper Payment; Subrogation Of Payor Bank.
  If a payor bank has paid an item over the order of the drawer or maker to stop payment, or after an account has...

Last modified: October 10, 2016