Mich. Comp. Laws » Michigan Compiled Laws / Chapter 440 / Act 174 of 1962
Michigan Compiled Laws

Mich. Comp. Laws § 440.3108 (2026)

Instrument payable on demand, at definite time, or at fixed date.

✓ current as of July 2026
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UNIFORM COMMERCIAL CODE


Act 174 of 1962


440.3108 Instrument payable on demand, at definite time, or at fixed date.

Sec. 3108.

    (1)  A promise or order is "payable on demand" if it:

    (a) States that it is payable on demand or at sight, or otherwise indicates that it is payable at the will of the holder.

    (b) Does not state any time of payment.

    (2) A promise or order is "payable at a definite time" if it is payable on elapse of a definite period of time after sight or acceptance or at a fixed date or dates or at a time or times readily ascertainable at the time the promise or order is issued, subject to rights of:

    (a) Prepayment.

    (b) Acceleration.

    (c) Extension at the option of the holder.

    (d) Extension to a further definite time at the option of the maker or acceptor or automatically upon or after a specified act or event.

    (3) If an instrument, payable at a fixed date, is also payable upon demand made before the fixed date, the instrument is payable on demand until the fixed date and, if demand for payment is not made before that date, becomes payable at a definite time on the fixed date.

History: 1962, Act 174, Eff. Jan. 1, 1964 ;-- Am. 1993, Act 130, Eff. Sept. 30, 1993

Notes of Decisions
Cited in 5 cases (4 in the last 5 years), 1968–2023 · leading case: Bonga v. Bloomer, 165 N.W.2d 487 (Mich. Ct. App. 1968).
Sort: Relevance Newest Treatment
Bonga v. Bloomer, 165 N.W.2d 487 (Mich. Ct. App. 1968). “3 Now CLS 1961, §440.3108, as added by PA 1962, No 174 (Stat Ann 1964 Rev § 19.”
Joseph & Anita Russell Trust v. Joshua J Russell (Mich. Ct. App. 2021). · cites it 15× “MCL 440.3108 provides, in pertinent part: (1) A promise or order is “payable on demand” if it: (a) States that it is payable on demand or at sight, or otherwise indicates that it is payable at the will of the holder.”
Joseph & Anita Russell Trust v. Joshua J Russell (Mich. Ct. App. 2021). · cites it 15× “MCL 440.3108 provides, in pertinent part: (1) A promise or order is “payable on demand” if it: (a) States that it is payable on demand or at sight, or otherwise indicates that it is payable at the will of the holder.”
Wilmington Sav. Fund Soc'y Fsb v. Alex Schmidt (Mich. Ct. App. 2021). · cites it 7× “MCL 440.3108(1) provides that a promise or order is payable on demand if it: (a) States that it is payable on demand or at sight, or otherwise indicates that it is payable at the will of the holder.”
Cadlerock Jt. Venture Lp v. Atina Buterakous (Mich. Ct. App. 2023). · cites it 6× “”4 The terms “payable on demand” and “payable at a definite” time are defined in MCL 440.3108, which provides in relevant part: (1) A promise or order is “payable on demand” if it: (a) States that it is payable on demand or at sight, or otherwise indicates that it is payable at…”
— Mich. Comp. Laws § 440.3108(1) — 4 cases
Joseph & Anita Russell Trust v. Joshua J Russell (Mich. Ct. App. 2021). “MCL 440.3108 provides, in pertinent part: (1) A promise or order is “payable on demand” if it: (a) States that it is payable on demand or at sight, or otherwise indicates that it is payable at the will of the holder.”
Joseph & Anita Russell Trust v. Joshua J Russell (Mich. Ct. App. 2021). “MCL 440.3108 provides, in pertinent part: (1) A promise or order is “payable on demand” if it: (a) States that it is payable on demand or at sight, or otherwise indicates that it is payable at the will of the holder.”
Wilmington Sav. Fund Soc'y Fsb v. Alex Schmidt (Mich. Ct. App. 2021). “MCL 440.3108(1) provides that a promise or order is payable on demand if it: (a) States that it is payable on demand or at sight, or otherwise indicates that it is payable at the will of the holder.”
Cadlerock Jt. Venture Lp v. Atina Buterakous (Mich. Ct. App. 2023). “”4 The terms “payable on demand” and “payable at a definite” time are defined in MCL 440.3108, which provides in relevant part: (1) A promise or order is “payable on demand” if it: (a) States that it is payable on demand or at sight, or otherwise indicates that it is payable at…”
— Mich. Comp. Laws § 440.3108(1)(b) — 2 cases
Joseph & Anita Russell Trust v. Joshua J Russell (Mich. Ct. App. 2021). “MCL 440.3108 provides, in pertinent part: (1) A promise or order is “payable on demand” if it: (a) States that it is payable on demand or at sight, or otherwise indicates that it is payable at the will of the holder.”
Joseph & Anita Russell Trust v. Joshua J Russell (Mich. Ct. App. 2021). “MCL 440.3108 provides, in pertinent part: (1) A promise or order is “payable on demand” if it: (a) States that it is payable on demand or at sight, or otherwise indicates that it is payable at the will of the holder.”
— Mich. Comp. Laws § 440.3108(2) — 4 cases
Wilmington Sav. Fund Soc'y Fsb v. Alex Schmidt (Mich. Ct. App. 2021). “MCL 440.3108(1) provides that a promise or order is payable on demand if it: (a) States that it is payable on demand or at sight, or otherwise indicates that it is payable at the will of the holder.”
Cadlerock Jt. Venture Lp v. Atina Buterakous (Mich. Ct. App. 2023). “”4 The terms “payable on demand” and “payable at a definite” time are defined in MCL 440.3108, which provides in relevant part: (1) A promise or order is “payable on demand” if it: (a) States that it is payable on demand or at sight, or otherwise indicates that it is payable at…”
Joseph & Anita Russell Trust v. Joshua J Russell (Mich. Ct. App. 2021). “MCL 440.3108 provides, in pertinent part: (1) A promise or order is “payable on demand” if it: (a) States that it is payable on demand or at sight, or otherwise indicates that it is payable at the will of the holder.”
Joseph & Anita Russell Trust v. Joshua J Russell (Mich. Ct. App. 2021). “MCL 440.3108 provides, in pertinent part: (1) A promise or order is “payable on demand” if it: (a) States that it is payable on demand or at sight, or otherwise indicates that it is payable at the will of the holder.”
— Mich. Comp. Laws § 440.3108(2)(a) — 2 cases
Joseph & Anita Russell Trust v. Joshua J Russell (Mich. Ct. App. 2021). “MCL 440.3108 provides, in pertinent part: (1) A promise or order is “payable on demand” if it: (a) States that it is payable on demand or at sight, or otherwise indicates that it is payable at the will of the holder.”
Joseph & Anita Russell Trust v. Joshua J Russell (Mich. Ct. App. 2021). “MCL 440.3108 provides, in pertinent part: (1) A promise or order is “payable on demand” if it: (a) States that it is payable on demand or at sight, or otherwise indicates that it is payable at the will of the holder.”
— Mich. Comp. Laws § 440.3108(2)(b) — 2 cases
Wilmington Sav. Fund Soc'y Fsb v. Alex Schmidt (Mich. Ct. App. 2021). “MCL 440.3108(1) provides that a promise or order is payable on demand if it: (a) States that it is payable on demand or at sight, or otherwise indicates that it is payable at the will of the holder.”
Cadlerock Jt. Venture Lp v. Atina Buterakous (Mich. Ct. App. 2023). “”4 The terms “payable on demand” and “payable at a definite” time are defined in MCL 440.3108, which provides in relevant part: (1) A promise or order is “payable on demand” if it: (a) States that it is payable on demand or at sight, or otherwise indicates that it is payable at…”
— Mich. Comp. Laws § 440.3108(3) — 1 case
Wilmington Sav. Fund Soc'y Fsb v. Alex Schmidt (Mich. Ct. App. 2021). “MCL 440.3108(1) provides that a promise or order is payable on demand if it: (a) States that it is payable on demand or at sight, or otherwise indicates that it is payable at the will of the holder.”
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