ELECTRONIC FUNDS TRANSFERS (EXCERPT)
Act 322 of 1978

488.23 Restraining trade or engaging in anticompetitive practices.

Sec. 23.

A person providing services of a funds transfer facility and a financial institution using a funds transfer facility shall not contract, combine, conspire, or otherwise attempt to restrain trade in a market for services of funds transfer facilities or engage in anticompetitive practices to the detriment of the public interest.


History: 1978, Act 322, Eff. Jan. 1, 1979