§ 490.105

490.105 Domestic credit union; exemption from tax; exception; stock transfer tax. 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