Sec. 2514. Unless otherwise agreed documents against which a draft is drawn are to be delivered to the drawee on acceptance of the draft if it is payable more than 3 days after presentment; otherwise, only on payment.
Documents; delivery to drawee on acceptance or payment.
Mich. Comp. Laws § 440.2514, under UNIFORM COMMERCIAL CODE.
Mich. Comp. Laws § 440.2514