2009 Michigan Laws 38.1140g – Investment in securities exempt from taxes

Current as of: 2009 | Check for updates | Other versions

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.