Mich. Comp. Laws § 490.105

Current through Public Act 148 of the 2024 Legislative Session

Section 490.105 - Domestic credit union; exemption from tax; exception; stock transfer tax

A domestic credit union is exempt from taxation by this state or a political subdivision of this state except property taxes on real property. The shares of a domestic credit union are not subject to a stock transfer tax when issued by the credit union or when transferred from 1 member to another.

MCL 490.105

Added by 2003, Act 215, s 5, eff. 6/1/2004.