Statutes > Michigan Statutes > Chapter 488 - ELECTRONIC FUNDS TRANSFERS > Act 322 of 1978 - ELECTRONIC FUNDS TRANSFERS (488.1 - 488.31) > Section 488.24 - Unauthorized transactions prohibited.

Section 488.24 - Unauthorized transactions prohibited.

ELECTRONIC FUNDS TRANSFERS (EXCERPT)
Act 322 of 1978

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