Michigan § 488.11 - Funds transmission facility; establishment, operation, or availability; exemption of internal computer system.
Full text of Michigan Michigan Compiled Laws § 488.11 — Funds transmission facility; establishment, operation, or availability; exemption of internal computer system., with citation guidance and answers to common questions.
§ 488.11. Funds transmission facility; establishment, operation, or availability; exemption of internal computer system.
A person may establish, operate, or make available a funds transmission facility anywhere in this state subject to this section and sections 12 to 28.
A funds transmission facility shall be available for use by any financial institution using the electronic funds transfer terminals which are interconnected with the funds transmission facilities on a nondiscriminatory basis upon request of a financial institution and agreement by the financial institution to pay reasonable fees.
This section shall not be construed to include a financial institution's internal computer system when used for purposes other than as a funds transmission facility.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 488.11
What does Michigan Compiled Laws § 488.11 cover?
Section 488.11 ("Funds transmission facility; establishment, operation, or availability; exemption of internal computer system.") 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 § 488.11?
A common citation format is "Michigan Compiled Laws § 488.11" (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 § 488.11 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.