SAVINGS AND LOAN ASSOCIATION ACT OF 1964

MCL ch. 489, subtit. Act 156 of 1964

in effect

MCL 489.501 Repealed. 1967, Act 96, Imd. Eff. June 21, 1967;—1970, Act 185, Imd. Eff. Aug. 3, 1970;—1975, Act 231, Eff. Mar. 2, 1976;—1980, Act 307, Eff. Jan. 1, 1981.

MCL 489.858 Tax exemptions.

489.858. Tax exemptions. Sec. 458. (1) 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. (2) 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. 1964, Act 156, Eff. Jan. 1, 1965

MCL 489.861 Repealed. 1975, Act 231, Eff. Mar. 2, 1976;—1980, Act 307, Eff. Jan. 1, 1981.

Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/documents/mcl/Chapter%20489.xmlFetched: 10/20/2026