Mich. Comp. Laws § 38.1140g
This is the official text of Mich. Comp. Laws § 38.1140g, part of Michigan’s Comp. Laws — part of the compiled statutory law of Michigan, published by the state as "Comp. Laws." Browse the sections below, each linked to its official government source.
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Investment in securities exempt from taxes.
Official statutory text
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
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
Status: in_force · Read it on the official government site
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