There is a newer version of the Michigan Compiled Laws
2010 Michigan Compiled Laws
Chapter 487 - FINANCIAL INSTITUTIONS
Act 190 of 1991 - STATE EMPLOYEE PAYROLL DEDUCTION PROGRAM (487.2101 - 487.2105)
STATE EMPLOYEE PAYROLL DEDUCTION PROGRAMAct 190 of 1991
AN ACT to provide for the direct deposit of state employee payrolls, state university payments, and state retirement benefit payments into financial institutions; to allow any financial institution to participate in a state employee payroll deduction program; and to prescribe the powers and duties of certain state agencies and officials.
History: 1991, Act 190, Imd. Eff. Dec. 27, 1991
- Section 487.2101 - Definitions.
- Section 487.2102 - Enrollment in distribution system for direct deposit of retirement benefit with financial institution; electronic fund transfer of state college and university payments.
- Section 487.2103 - Establishment of criteria and distribution system for participation by financial institution.
- Section 487.2104 - Rules; participation prohibited under certain conditions.
- Section 487.2105 - Fee; limitation; prohibition.
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