Section 440.2514 - Documents; delivery to drawee on acceptance or payment.
UNIFORM COMMERCIAL CODE (EXCERPT)
Act 174 of 1962
440.2514 Documents; delivery to drawee on acceptance or payment.
Sec. 2514.
Unless otherwise agreed documents against which a draft is drawn are to be delivered to the drawee on acceptance of the draft if it is payable more than 3 days after presentment; otherwise, only on payment.
History: 1962, Act 174, Eff. Jan. 1, 1964