Michigan Code § 440.7509

Documents of Title; Adequacy as Contract for Sale, Lease, or Conditions of a Credit.
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Sec. 7509.
Whether a document of title is adequate to fulfill the obligations of a contract for sale, a contract for lease, or the conditions of a letter of credit is determined by article 2, 2A, or 5.
History: 1962, Act 174, Eff. Jan. 1, 1964 ;-- Am. 2012, Act 87, Eff. July 1, 2013

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