Application of State or Federal Statute to Credit or Deposit Account Relationships.

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Sec. 26.

In the application of any state or federal statute to credit or deposit account relationships, the transfer of funds by use of a funds transfer facility shall constitute only an additional means of effecting a payment, and this act shall not be construed as limiting or enlarging the rights of persons under those statutes or any regulations legally promulgated pursuant thereto.

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


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