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

Unauthorized transactions prohibited.

MCL 488.24
in effect
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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. 1978, Act 322, Eff. Jan. 1, 1979
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-488-24Fetched: 10/20/2026

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