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

Mich. Comp. Laws § 440.4205 (2026)

Depositary bank; item delivered by customer for collection.

✓ current as of July 2026
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UNIFORM COMMERCIAL CODE


Act 174 of 1962


440.4205 Depositary bank; item delivered by customer for collection.

Sec. 4205.

    If a customer delivers an item to a depositary bank for collection, then both of the following apply:

    (a) The depositary bank becomes a holder of the item at the time it receives the item for collection if the customer at the time of delivery was a holder of the item, whether or not the customer endorses the item, and, if the bank satisfies the other requirements of section 3302, it is a holder in due course.

    (b) The depositary bank warrants to collecting banks, the payor bank or other payor, and the drawer that the amount of the item was paid to the customer or deposited to the customer's account.

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

Notes of Decisions
Cited in 2 cases, 1982–1985 · leading case: Grosberg v. Michigan Nat'l Bank Oakland, 362 N.W.2d 715 (Mich. 1985).
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Grosberg v. Michigan Nat'l Bank Oakland, 362 N.W.2d 715 (Mich. 1985). · cites it 2× “3419 and MCL 440.4205(1); MSA 19.4205(1), in supplying missing indorsements and accepting the checks for deposit.”
Grosberg v. Mich. Nat'l Bank Oakland, 318 N.W.2d 490 (Mich. Ct. App. 1982). · cites it 4× “” MCL 440.4205(1); MSA 19.4205(1) provides: "A depositary bank which has taken an item for collection may supply any indorsement of the customer *618 which is necessary to title unless the item contains the words 'payee’s indorsement required’ or the like.”
Mich. Comp. Laws § 440.4205(1): 2 cases
Grosberg v. Michigan Nat'l Bank Oakland, 362 N.W.2d 715 (Mich. 1985). “3419 and MCL 440.4205(1); MSA 19.4205(1), in supplying missing indorsements and accepting the checks for deposit.”
Grosberg v. Mich. Nat'l Bank Oakland, 318 N.W.2d 490 (Mich. Ct. App. 1982). “” MCL 440.4205(1); MSA 19.4205(1) provides: "A depositary bank which has taken an item for collection may supply any indorsement of the customer *618 which is necessary to title unless the item contains the words 'payee’s indorsement required’ or the like.”
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