This section of the Michigan Compiled Laws, specifically under the Uniform Commercial Code, governs the rights of customers to stop payment of any item drawn on their account or close the account. The customer or any person authorized to draw on the account can issue an order to the bank to stop payment or close the account, provided that the bank is given a reasonable opportunity to act on it before taking any action on the item.

Sec. 4404. A bank is under no obligation to a customer having a checking account to pay a check, other than a certified check, which is presented more than 6 months after its date, but it may charge its customer’s account for a payment made thereafter in good faith. History: 1962, Act 174, Eff. Jan. 1, 1964

This legal document, part of the Uniform Commercial Code in Michigan, governs the relationship between a bank and its customer regarding the statement of account and payment of items. According to the document, a bank that provides a statement of account to a customer showing payment of items must either return the items paid, provide information in the statement to identify the items paid, or retain the items or copies of them.

The Identity Theft Protection Act in the state of Michigan governs the protection of personal information and the prevention of identity theft. The act applies to all agencies, institutions of higher education, and persons in the state of Michigan, with the exception of circuit, probate, district, or municipal courts. The act defines various terms such as ‘agency,’ ‘breach of the security of a database,’ ‘child or spousal support,’ ‘credit card,’ ‘data,’ ‘depository institution,’ ’encrypted,’ ‘false pretenses,’ ‘financial institution,’ ‘financial transaction device,’ ‘identity theft,’ ‘interactive computer service,’ ’law enforcement agency,’ ’local registrar,’ ‘medical records or information,’ ‘person,’ ‘personal identifying information,’ ‘personal information,’ ‘public utility,’ ‘redact,’ ‘state registrar,’ ’trade or commerce,’ ‘vital record,’ and ‘webpage.

This section of the Michigan Compiled Laws, known as the Identity Theft Protection Act, outlines the requirements for providing notice of a security breach. It applies to persons or agencies that own or license data included in a database, as well as persons or agencies that maintain a database including data they do not own or license. Unless the security breach is determined to not cause substantial loss or injury or result in identity theft, notice of the breach must be provided to affected residents of Michigan.

This section provides definitions for various terms used in the Michigan Banking Code of 1999. It covers terms such as ‘administrative expense’, ‘affiliate’, ‘applicant’, ‘bank’, ‘bank holding company’, ‘branch’, ‘capital’, ‘cease and desist order’, ‘commissioner’, ‘consolidate’, ‘consolidated bank’, ‘consolidated organization’, ‘depository institution’, ‘derivative transaction’, ‘dissolution’, ‘dividend reinvestment plan’, ‘federal agency’, ‘federal branch’, ‘federal deposit insurance act’, ‘federal home loan bank act’, and ‘federal reserve act’. These definitions are essential for understanding the provisions and regulations outlined in the Michigan Banking Code of 1999.

Sec. 3506. An officer or employee of any bank, in his or her individual capacity, shall not act as agent in the sale of stock or other securities to any person or receive directly or indirectly any consideration or commission resulting from the sale of stock or other securities by others to the bank by which he or she is employed. History: 1999, Act 276, Eff. Mar. 1, 2000

This section of the Michigan Compiled Laws applies to banks that own, operate, or manage an automated teller machine (ATM) located on the premises of a casino, casino enterprise, liquor store, or adult entertainment establishment. The banks are required to work with the department of human services to ensure that the ATM does not allow individuals to access cash benefits from a Michigan bridge card. The section provides definitions for terms such as ‘adult entertainment establishment,’ ‘alcoholic liquor,’ ‘casino,’ ‘casino enterprise,’ ‘gaming,’ ’liquor store,’ ‘Michigan bridge card,’ and ‘retail food store.

This section of the Michigan Compiled Laws applies to savings banks that own, operate, or manage an automated teller machine located on the premises of a casino, casino enterprise, liquor store, or adult entertainment establishment. The section requires these savings banks to work with the department of human services to ensure that the automated teller machine does not allow individuals to access cash benefits from a Michigan bridge card. The section provides definitions for terms such as ‘adult entertainment establishment,’ ‘alcoholic liquor,’ ‘casino,’ ‘casino enterprise,’ ‘gaming,’ ’liquor store,’ ‘Michigan bridge card,’ ‘retail food store,’ and specifies that grocery stores selling groceries in a casino or casino enterprise, and other business establishments offering gaming incidental to their principal purpose are exempt from the requirements.

Sec. 539c. Any person who is present or who is not present during a private conversation and who wilfully uses any device to eavesdrop upon the conversation without the consent of all parties thereto, or who knowingly aids, employs or procures another person to do the same in violation of this section, is guilty of a felony punishable by imprisonment in a state prison for not more than 2 years or by a fine of not more than $2,000.