Michigan Laws 124.305 – ACH arrangement; validity; compliance
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(1) This act does not affect the validity of an ACH arrangement entered into by a local unit before the effective date of this act.
(2) All electronic transactions made on or after the effective date of this act shall comply with this act.
Terms Used In Michigan Laws 124.305
- ACH arrangement: means the agreement between the originator of the ACH transaction and the receiver of the ACH transaction. See Michigan Laws 124.301
- Local unit: means any of the following:
(i) A village. See Michigan Laws 124.301