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Code · Michigan · Chapter 488 — Electronic Funds Transfers

488.24 Unauthorized transactions prohibited.

45 words·~1 min read·/mi/chapter-488/488-24

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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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