Michigan § 489.858 - Tax exemptions.
Full text of Michigan Michigan Compiled Laws § 489.858 — Tax exemptions., with citation guidance and answers to common questions.
§ 489.858. Tax exemptions.
All mortgages or other securities held by associations, are exempt from all municipal or other taxes under the laws of this state and all personal property owned by associations is exempt from taxation.
Federal savings and loan associations and their members shall be subject to the same taxation and upon the same basis as state associations and their members.
Frequently Asked Questions About Michigan § 489.858
What does Michigan Compiled Laws § 489.858 cover?
Section 489.858 ("Tax exemptions.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 489.858?
A common citation format is "Michigan Compiled Laws § 489.858" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 489.858 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.