Michigan § 490.105 - Domestic credit union; exemption from tax; exception; stock transfer tax.
Full text of Michigan Michigan Compiled Laws § 490.105 — Domestic credit union; exemption from tax; exception; stock transfer tax., with citation guidance and answers to common questions.
§ 490.105. Domestic credit union; exemption from tax; exception; stock transfer tax.
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.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 490.105
What does Michigan Compiled Laws § 490.105 cover?
Section 490.105 ("Domestic credit union; exemption from tax; exception; stock transfer tax.") 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 § 490.105?
A common citation format is "Michigan Compiled Laws § 490.105" (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 § 490.105 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.