Michigan Laws 124.305 – ACH arrangement; validity; compliance

(1) This act does not affect the validity of an ACH arrangement entered into by a local unit before the effective date of this act.

(2) All electronic transactions made on or after the effective date of this act shall comply with this act.

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

ACH arrangement: means the agreement between the originator of the ACH transaction and the receiver of the ACH transaction. See Michigan Laws 124.301
Local unit: means any of the following:

(i) A village. See Michigan Laws 124.301