{"data":{"id":"us-mi/mich.-comp.-laws-440.3407","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 440.3407","heading":"Alteration; definition; discharge of party affected; enforcement of rights.","body":"Sec. 3407.\n\n\"Alteration\" means ( i ) an unauthorized change in an instrument that purports to modify in any respect the obligation of a party, or ( ii ) an unauthorized addition of words or numbers or other change to an incomplete instrument relating to the obligation of a party.\n\nExcept as provided in subsection (3), an alteration fraudulently made discharges a party whose obligation is affected by the alteration unless that party assents or is precluded from asserting the alteration. No other alteration discharges a party, and the instrument may be enforced according to its original terms.\n\nA payor bank or drawee paying a fraudulently altered instrument or a person taking it for value, in good faith and without notice of the alteration, may enforce rights with respect to the instrument ( i ) according to its original terms, or ( ii ) in the case of an incomplete instrument altered by unauthorized completion, according to its terms as completed.","path":["MI Code","Chapter 440","Act Act-174-of-1962"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-440-3407","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"12731c23da1412ff09876cba97a3cd3c01688356a24f85c12634e3bc0014fa2c","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-440.3406","next":"us-mi/mich.-comp.-laws-440.3408"},"notice":"GroundRules: Original legal text. Not legal advice."}