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Home » US Law » 2022 Michigan Compiled Laws » Chapter 488 - Electronic Funds Transfers » Act 322 of 1978 - Electronic Funds Transfers (488.1 - 488.31) » Section 488.23 – Restraining Trade or Engaging in Anticompetitive Practices.
488.23 Restraining trade or engaging in anticompetitive practices.

Sec. 23.

A person providing services of a funds transfer facility and a financial institution using a funds transfer facility shall not contract, combine, conspire, or otherwise attempt to restrain trade in a market for services of funds transfer facilities or engage in anticompetitive practices to the detriment of the public interest.

History: 1978, Act 322, Eff. Jan. 1, 1979