Michigan Compiled Laws 174-1962-4a-1 Part 1 Subject Matters And Definitions (440.4601...440.4608)

• Section 440.4601 Short Title.
  This article shall be known and may be cited as “uniform commercial code—funds transfers”. History: Add. 1992, Act 100, Imd. Eff. June 25, 1992
• Section 440.4602 Applicability Of Article.
  Except as otherwise provided in section 4A108, this article applies to funds transfers defined in section 4A104. History: Add. 1992, Act 100, Imd. Eff....
• Section 440.4603 Definitions; Instruction As A Separate Payment Order; Issuance Of Payment Order.
  (1) As used in this article: (a) “Payment order” means an instruction of a sender to a receiving bank, transmitted orally, electronically, or in...
• Section 440.4604 Definitions.
  As used in this article: (a) “Funds transfer” means the series of transactions, beginning with the originator's payment order, made for the purpose of...
• Section 440.4605 Definitions; Sections Where Other Definitions Appear.
  (1) As used in this article: (a) "Authorized account" means a deposit account of a customer in a bank designated by the customer as...
• Section 440.4606 Payment Order Or Communication Canceling Or Amending Payment Order; Determining Time Of Receipt.
  (1) The time of receipt of a payment order or communication canceling or amending a payment order is determined by the rules applicable to...
• Section 440.4607 Regulations Of Federal Reserve System As Superseding Article.
  Regulations of the board of governors of the federal reserve system and operating circulars of the federal reserve banks supersede any inconsistent provision of...
• Section 440.4608 Applicability Of Article To Certain Funds Transfer; Inconsistency; "Electronic Fund Transfer Act" Defined.
  (1) Except as provided in subsection (2), this article does not apply to a funds transfer any part of which is governed by the...

Last modified: October 10, 2016