For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

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

MCL 490.105
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
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. 2003, Act 215, Eff. June 1, 2004
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-490-105Fetched: 10/20/2026

Starting a business in Michigan? Michigan LLC guide: costs and requirements