Michigan § 440.5110 - Warranties on presentment or transfer.
Full text of Michigan Michigan Compiled Laws § 440.5110 — Warranties on presentment or transfer., with citation guidance and answers to common questions.
§ 440.5110. Warranties on presentment or transfer.
If presentation is honored, the beneficiary warrants:
To the issuer, any other person to whom presentation is made, and the applicant that there is no fraud or forgery of the kind described in section 5109(1).
To the applicant that the drawing does not violate any agreement between the applicant and beneficiary or any other agreement intended by them to be augmented by the letter of credit.
The warranties in subsection (1) are in addition to warranties arising under articles 3, 4, 7, and 8 because of the presentation or transfer of documents covered by any of those articles.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 440.5110
What does Michigan Compiled Laws § 440.5110 cover?
Section 440.5110 ("Warranties on presentment or transfer.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 440.5110?
A common citation format is "Michigan Compiled Laws § 440.5110" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 440.5110 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.