124.305 ACH arrangement; validity; compliance.
61 words·~1 min read·
/mi/chapter-124/124-305A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
124.305 ACH arrangement; validity; compliance.
Sec. 5.
(1)This act does not affect the validity of an ACH arrangement entered into by a local unit before the effective date of this act.
(2)All electronic transactions made on or after the effective date of this act shall comply with this act.
History: 2002, Act 738 , Imd. Eff. Dec. 30, 2002