2013 Senate Bill 549 / 2014 Public Act 103

Revise financial institutions check processing rule detail

Introduced in the Senate

Sept. 25, 2013

Introduced by Sen. Darwin Booher (R-35)

To revise and update details in the Uniform Commercial Code that govern how financial institutions process checks.

Referred to the Committee on Banking and Financial Institutions

Oct. 15, 2013

Reported without amendment

With the recommendation that the substitute (S-1) be adopted and that the bill then pass.

Oct. 23, 2013

Substitute offered

The substitute passed by voice vote

Oct. 24, 2013

Passed in the Senate 36 to 0 (details)

Received in the House

Oct. 29, 2013

Referred to the Committee on Financial Services

March 12, 2014

Reported without amendment

Without amendment and with the recommendation that the bill pass.

March 26, 2014

Passed in the House 109 to 0 (details)

To revise and update details in the Uniform Commercial Code that govern how financial institutions process checks.

Signed by Gov. Rick Snyder

April 7, 2014