Michigan Laws 488.8 – Funds transfer facility; reliable service; protection of privacy; safety and soundness of funds; compliance with antitrust laws
Current as of: 2023 | Check for updates
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(1) A funds transfer facility shall provide reliable service to the person with protection of privacy of personal financial information.
(2) A funds transfer facility shall not impair the safety and soundness of a person’s funds.
Terms Used In Michigan Laws 488.8
- person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
- United States: shall be construed to include the district and territories. See Michigan Laws 8.3o
(3) Persons subject to this act shall act and conduct their affairs in a manner which complies with the antitrust laws of this state or the United States to assure a free and open competitive economy in this state.