ELECTRONIC FUNDS TRANSFERS (EXCERPT)
Act 322 of 1978

488.24 Unauthorized transactions prohibited.

Sec. 24.

A funds transfer facility shall not be used to facilitate or effect a transaction with a financial institution, which transaction the financial institution is not otherwise authorized by law to transact.

History: 1978, Act 322, Eff. Jan. 1, 1979

Rendered 2/10/2025 6:01 PM
Michigan Compiled Laws Complete Through PA 185 of 2024
Courtesy of legislature.mi.gov