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Michigan Statutes, Title 489

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Title 489, SAVINGS AND LOAN ASSOCIATIONS

7 chapters · 1 sections in this title.

1 sections·Filtered byTitle 489✕Ch 156-of-1964✕

Mich. Comp. Laws § 489.858 Tax exemptions.
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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 sha…