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Current as of January 01, 2025 | Updated by Findlaw Staff
Sec. 11. (1) 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. 1
(2) 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.
(3) 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.
Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 488. Electronic Funds Transfers § 488.11 - last updated January 01, 2025 | https://codes.findlaw.com/mi/chapter-488-electronic-funds-transfers/mi-comp-laws-488-11/
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