Michigan § 400.234c - Conduct by financial institution.
Full text of Michigan Michigan Compiled Laws § 400.234c — Conduct by financial institution., with citation guidance and answers to common questions.
§ 400.234c. Conduct by financial institution.
This act does not prohibit a financial institution from doing any of the following:
Assessing and collecting fees and other charges from an account holder or depositor including, but not limited to, fees and charges for the maintenance and activities on an account.
Charging back or recouping a deposit to an account.
Setting off a debt owed to the financial institution from an account held by the financial institution.
Exercising a banker's lien on an account held by the financial institution for a debt owed to the financial institution.
Disclosing information received from the office to an employee, agent, or representative of the financial institution or an affiliate of the financial institution for the purpose of complying with this act and otherwise dealing with a customer or account holder of the financial institution or an affiliate of the financial institution.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 400.234c
What does Michigan Compiled Laws § 400.234c cover?
Section 400.234c ("Conduct by financial institution.") 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 § 400.234c?
A common citation format is "Michigan Compiled Laws § 400.234c" (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 § 400.234c 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.