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This entry was published on 2014-09-22
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SECTION 479
Credit union not liable for taxation
Banking (BNK) CHAPTER 2, ARTICLE 11
§ 479. Credit union not liable for taxation. Any credit union subject
to the provisions of this article shall be deemed an institution for
savings within the meaning of the law which exempts such institutions
from taxation. No law which taxes corporations in any form, or the
shares thereof or the accumulations therein, shall apply to corporations
doing business in accordance with the provisions of this article, unless
such corporations are specifically named in said law.