For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

Funds transfer facility; reliable service; protection of privacy; safety and soundness of funds; compliance with antitrust laws.

MCL 488.8
in effect
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488.8. Funds transfer facility; reliable service; protection of privacy; safety and soundness of funds; compliance with antitrust laws. Sec. 8. (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. (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. 1978, Act 322, Eff. Jan. 1, 1979
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-488-8Fetched: 10/20/2026

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