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Michigan Compiled Laws, Chapter 440. Uniform Commercial Code § 440.1301

Current as of January 01, 2025 | Updated by Findlaw Staff

Sec. 1301. (1) Except as otherwise provided in this section, when a transaction bears a reasonable relation to this state and also to another state or nation, the parties may agree that the law either of this state or of that other state or nation shall govern their rights and duties.

(2) In the absence of an agreement effective under subsection (1), and except as provided in subsection (3), this act applies to transactions bearing an appropriate relation to this state.

(3) If 1 of the following provisions of this act specifies the applicable law, that provision governs and a contrary agreement is effective only to the extent permitted by the law so specified:

(a) Section 2402.  1

(b) Sections 2A105 and 2A106.  2

(c) Section 4102.  3

(d) Section 4A507.  4

(e) Section 5116.  5

(f) Section 8110.  6

(g) Sections 9301 through 9307.  7

1 M.C.L.A. § 440.2402.
2 M.C.L.A. §§ 440.2805 and 440.2806.
3 M.C.L.A. § 440.4102.
4 M.C.L.A. § 440.4957.
5 M.C.L.A. § 440.5116.
6 M.C.L.A. § 440.8110.
7 M.C.L.A. §§ 440.9301 through 440.9307.
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Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 440. Uniform Commercial Code § 440.1301 - last updated January 01, 2025 | https://codes.findlaw.com/mi/chapter-440-uniform-commercial-code/mi-comp-laws-440-1301/

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