Mich. Comp. Laws § 440.1205 : UNIFORM COMMERCIAL CODE — UNIFORM COMMERCIAL CODE - GENERAL PROVISIONS — GENERAL DEFINITIONS AND PRINCIPLES OF INTERPRETATION — Time for taking action

(1) Whether a time for taking an action required by this act is reasonable depends on the nature, purpose, and circumstances of the action.
(2) An action is taken seasonably if it is taken at or within the time agreed or, if no time is agreed, at or within a reasonable time.

MCL 440.1205

Amended by 2012, Act 86,s 1-9, eff. 7/1/2013.
1962, Act 174, Eff. Jan. 1, 1964.
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