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#187761 - 05/06/04 08:40 PM Stop payment
debby9 Offline
New Poster
Joined: May 2004
Posts: 1
Does Michigan Law allow banks to refuse oral Stop Payment orders?

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#187762 - 05/06/04 09:21 PM Re: Stop payment
Bartman Offline
Diamond Poster
Joined: Oct 2000
Posts: 1,191
Here is the Michigan UCC language on stop payments. It does not specify. One might argue that if your deposit contract indicates that only written stop payments will be accepted, then that's what counts - but I don't know if that would hold water in court. This is a good question for bank counsel.
Opinions are Bartman's, not those of my employer. "A noble spirit embiggens the smallest man."

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