State Codes and Statutes
Statutes > Michigan > Chapter-124 > Act-738-of-2002 > Section-124-305ELECTRONIC 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
