Mich. Comp. Laws § 488.11: Funds transmission facility; establishment, operation, or availability; exemption of internal computer system.
Where this section sits in the code
- MI Code
- Chapter 488
- 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