Michigan Laws 331.8g – Bonds as negotiable instruments
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Terms Used In Michigan Laws 331.8g
- Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
Such bonds shall have all the qualities of a negotiable instrument by the law merchant and the uniform commercial code.