{"data":{"id":"us-mi/mich.-comp.-laws-440.4954","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 440.4954","heading":"Receiving bank; authority to charge sender's account; credits.","body":"Sec. 4A504.\n\nIf a receiving bank has received more than 1 payment order of the sender or 1 or more payment orders and other items that are payable from the sender's account, the bank may charge the sender's account with respect to the various orders and items in any sequence.\n\nIn determining whether a credit to an account has been withdrawn by the holder of the account or applied to a debt of the holder of the account, credits first made to the account are first withdrawn or applied.","path":["MI Code","Chapter 440","Act Act-174-of-1962"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-440-4954","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"e4b57a35f6ecd97c6298cdb2f061f65b3d8c6dbca370435403572b264a967b2b","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-440.4953","next":"us-mi/mich.-comp.-laws-440.4955"},"notice":"GroundRules: Original legal text. Not legal advice."}