Domestic credit union; exemption from tax; exception; stock transfer tax.
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MI Code › Chapter 490 › Act Act-215-of-2003 › Section 490.105
This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.
Text
Sec. 105.
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.
History: 2003, Act 215, Eff. June 1, 2004
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