Michigan Compiled Laws § 488.24 Unauthorized Transactions Prohibited.

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

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Last modified: October 10, 2016