Michigan § 488.8 - Funds transfer facility; reliable service; protection of privacy; safety and soundness of funds; compliance with antitrust laws.
Full text of Michigan Michigan Compiled Laws § 488.8 — Funds transfer facility; reliable service; protection of privacy; safety and soundness of funds; compliance with antitrust laws., with citation guidance and answers to common questions.
§ 488.8. Funds transfer facility; reliable service; protection of privacy; safety and soundness of funds; compliance with antitrust laws.
A funds transfer facility shall provide reliable service to the person with protection of privacy of personal financial information.
A funds transfer facility shall not impair the safety and soundness of a person's funds.
Persons subject to this act shall act and conduct their affairs in a manner which complies with the antitrust laws of this state or the United States to assure a free and open competitive economy in this state.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 488.8
What does Michigan Compiled Laws § 488.8 cover?
Section 488.8 ("Funds transfer facility; reliable service; protection of privacy; safety and soundness of funds; compliance with antitrust laws.") 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 § 488.8?
A common citation format is "Michigan Compiled Laws § 488.8" (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 § 488.8 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.