MCL - Section 124.305

ELECTRONIC TRANSACTIONS OF PUBLIC FUNDS (EXCERPT)
Act 738 of 2002


124.305 ACH arrangement; validity; compliance.

Sec. 5.

    (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.


History: 2002, Act 738, Imd. Eff. Dec. 30, 2002