Michigan Compiled Laws

Mich. Comp. Laws § 440.5101 (2026)

Uniform commercial code—letters of credit; short title of article.

✓ current as of July 2026

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UNIFORM COMMERCIAL CODE

Act 174 of 1962

440.5101 Uniform commercial code—letters of credit; short title of article.

Sec. 5101.

This article may be cited as uniform commercial code—letters of credit.

History: 1962, Act 174, Eff. Jan. 1, 1964 ;-- Am. 1998, Act 488, Imd. Eff. Jan. 4, 1999

Notes of Decisions

Cited in 4 cases, 1998–2020 · leading case: Krause v. Stroh Brewery Co., 240 F. Supp. 2d 632 (E.D. Mich. 2002).

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Krause v. Stroh Brewery Co., 240 F. Supp. 2d 632 (E.D. Mich. 2002). · cites it 2× “See Mich. Comp. Laws § 440.5101 et seq. Article 5 includes a one-year statute of limitations period for any “action to enforce a right or obligation arising under this article” See Mich.”

Hills of Lone Pine Ass'n. v. Texel Land Co., 572 N.W.2d 256 (Mich. Ct. App. 1998). “Irrevocable letters of credit are regulated by statute, MCL 440.5101 et seq.) MSA 19.5101 et seq.”

Van Zeeland Oil Co., Inc. v. Lawrence Agency, Inc., 704 F. Supp. 2d 711 (W.D. Mich. 2010). · cites it 2× “” Mich. Comp. Laws § 440.5102 (j). Michigan law also provides that: Rights and obligations of an issuer to a beneficiary or a nominated person under a letter of credit are independent of the existence, performance, or nonperformance of a contract or arrangement out of which the…”

Rene Marie Sturdavent v. William Sim Spencer (Mich. Ct. App. 2020). “4957; letters of credit, MCL 440.5101 through MCL 440.5118; warehouse receipts, bills of lading, and other documents of title, MCL 440.”

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