MCL - 174-1962-5
Act 174 of 1962
LETTERS OF CREDIT
Document | Type | Description |
---|---|---|
Section 440.5101 | Section | Uniform commercial code—letters of credit; short title of article. |
Section 440.5102 | Section | Definitions. |
Section 440.5103 | Section | Letters of credit; scope of article. |
Section 440.5104 | Section | Issuance; authentication. |
Section 440.5105 | Section | Consideration. |
Section 440.5106 | Section | Credit; issuance; enforcement; revocation; expiration. |
Section 440.5107 | Section | Confirmation; rights and obligations; request to advise; notice to transferee beneficiary. |
Section 440.5108 | Section | Honoring or dishonoring presentation. |
Section 440.5109 | Section | Forged or fraudulent document; injunction; findings of court. |
Section 440.5110 | Section | Warranties on presentment or transfer. |
Section 440.5111 | Section | Wrongful dishonor, repudiation, or breach; rights of claimant or applicant; liability of issuer, nominated person, or adviser; attorney fees; liquidated damages. |
Section 440.5112 | Section | Right to draw or demand performance under letter of credit; transfer. |
Section 440.5113 | Section | Rights of successor beneficiary. |
Section 440.5114 | Section | Proceeds of letter of credit. |
Section 440.5115 | Section | Commencement of action. |
Section 440.5116 | Section | Jurisdiction; forum. |
Section 440.5117 | Section | Rights of subrogation. |
Section 440.5118 | Section | Document presented under letter of credit; security interest of issuer or nominated person. |