Section 23-35-103 - Taxation

A credit union shall be deemed an institution for savings and, together with all accumulations therein, shall not be subject to taxation except as to real estate owned. The shares of a credit union shall not be subject to a stock transfer tax when issued by the corporation or when transferred from one (1) member to another.Acts 1971, No. 132, § 35; A.S.A. 1947, § 67-935.