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Michigan · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Mich. Comp. Laws § 488.11: Funds transmission facility; establishment, operation, or availability; exemption of internal computer system.

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Where this section sits in the code
  1. MI Code
  2. Chapter 488
  3. Act Act-322-of-1978

Sec. 11.

A person may establish, operate, or make available a funds transmission facility anywhere in this state subject to this section and sections 12 to 28.

A funds transmission facility shall be available for use by any financial institution using the electronic funds transfer terminals which are interconnected with the funds transmission facilities on a nondiscriminatory basis upon request of a financial institution and agreement by the financial institution to pay reasonable fees.

This section shall not be construed to include a financial institution's internal computer system when used for purposes other than as a funds transmission facility.

Collected 2026-09-14T18:32:31Z. Source file · JSON

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