Michigan Compiled Laws § 38.1140g Investment In Securities Exempt From Taxes.

38.1140g Investment in securities exempt from taxes.

Sec. 20g.

Notwithstanding any other provision of this act, investment in securities wholly or partially exempt from income or other taxes levied by the United States shall be made only at taxable-equivalent yields or returns available in the marketplace on otherwise comparable securities at the time the investment decision is made.

History: Add. 1982, Act 55, Imd. Eff. Apr. 6, 1982

Section: Previous  38.1140  38.1140a  38.1140b  38.1140c  38.1140d  38.1140e  38.1140f  38.1140g  38.1140h  38.1140i  38.1140j  38.1140k  38.1140l  38.1140m  38.1141  Next

Last modified: October 10, 2016