Michigan § 124.301 - Definitions.
Full text of Michigan Michigan Compiled Laws § 124.301 — Definitions., with citation guidance and answers to common questions.
§ 124.301. Definitions.
As used in this act:
"ACH arrangement" means the agreement between the originator of the ACH transaction and the receiver of the ACH transaction.
"ACH policy" means the procedures and internal controls as determined under a written policy developed and adopted by the treasurer or the electronic transactions officer of a local unit under section 3.
"ACH transaction" means an electronic payment, debit, or credit transfer processed through an automated clearing house.
"Automated clearing house" or "ACH" means a national and governmental organization that has authority to process electronic payments, including, but not limited to, the national automated clearing house association and the federal reserve system.
"Electronic transactions officer" or "ETO" means the person designated under this act by charter or by the governing body in a local unit other than a township or county.
"Governing body" means any of the following:
The council, commission, or other entity vested with the legislative power of a city or village.
The township board of a township.
The county board of commissioners of a county.
The board of county road commissioners of a county.
The board of education of a local or intermediate school district.
The board of trustees of a community college district.
The official body to which is granted general governing powers over an authority or organization of government established under the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821.
A community mental health authority created under section 205 of the mental health code, 1974 PA 258, MCL 330.1205.
"Local school district" means a school district organized under the revised school code, 1976 PA 451, MCL 380.1 to 380.1852, or a district governed by a special or local act.
"Local unit" means any of the following:
A village.
A city.
A township.
A county.
A county road commission.
A local school district.
An intermediate school district.
A community college district.
An authority or organization of government established under the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821.
A community mental health authority created under section 205 of the mental health code, 1974 PA 258, MCL 330.1205.
"Treasurer" means the elected treasurer in a township or county.
Frequently Asked Questions About Michigan § 124.301
What does Michigan Compiled Laws § 124.301 cover?
Section 124.301 ("Definitions.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 124.301?
A common citation format is "Michigan Compiled Laws § 124.301" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 124.301 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.