{"data":{"id":"us-mi/mich.-comp.-laws-440.3107","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 440.3107","heading":"Payment in foreign money.","body":"Sec. 3107.\n\nUnless the instrument otherwise provides, an instrument that states the amount payable in foreign money may be paid in the foreign money or in an equivalent amount in dollars calculated by using the current bank-offered spot rate at the place of payment for the purchase of dollars on the day on which the instrument is paid.","path":["MI Code","Chapter 440","Act Act-174-of-1962"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-440-3107","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"c2c76f73e914c73dcacf16a1d62be9d9c063f62901a11f183fc025f7bad6463a","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-440.3106","next":"us-mi/mich.-comp.-laws-440.3108"},"notice":"GroundRules: Original legal text. Not legal advice."}