Michigan Laws 450.833 – Applicability of act to electronic records and signatures; exception for 2020
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 450.833
- Electronic: means relating to technology having electrical, digital, magnetic, wireless, optical, electromagnetic, or similar capabilities. See Michigan Laws 450.832
- Transaction: means an action or set of actions occurring between 2 or more persons relating to the conduct of business, commercial, or governmental affairs. See Michigan Laws 450.832
- 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
(1) Except as otherwise provided in subsection (2) and section 4, this act applies to electronic records and electronic signatures relating to a transaction.
(2) Except as otherwise provided in section 18a, this act does not apply to a transaction to the extent it is governed by either of the following:
(a) A law governing the creation and execution of wills, codicils, or testamentary trusts.
(b) Except as otherwise provided in subsection (3), the uniform commercial code, 1962 PA 174, MCL 440.1101 to 440.9994.
(3) This act applies to a transaction to the extent it is governed by section 1206 or 1306 or article 2 or 2A of the uniform commercial code, 1962 PA 174, MCL 440.1206, 440.1306, and 440.2101 to 440.2982.
(4) A transaction subject to this act is also subject to other applicable substantive law.