Section 390.1435 - Exemption from taxation.
MICHIGAN EDUCATION TRUST ACT (EXCERPT)
Act 316 of 1986
390.1435 Exemption from taxation.
Sec. 15.
The property of the trust and its income and operation shall be exempt from all taxation by this state or any of its political subdivisions.
History: 1986, Act 316, Imd. Eff. Dec. 23, 1986