{"data":{"id":"us-mi/mich.-comp.-laws-490.105","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 490.105","heading":"Domestic credit union; exemption from tax; exception; stock transfer tax.","body":"Sec. 105.\n\nA 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.","path":["MI Code","Chapter 490","Act Act-215-of-2003"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-490-105","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"d9b905e03401919160e4bcf4c051eb4e1dc7703da78c2fec521c574f2f468e7f","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-490.104","next":"us-mi/mich.-comp.-laws-490.201"},"notice":"GroundRules: Original legal text. Not legal advice."}