§ 517. Taxation. A credit union incorporated under or subject to this title shall be deemed an institution for savings, and its assets, together with all the accumulation therein, shall not be subject to taxation except as to real estate owned by it. The shares of a credit union shall not be subject to a capital stock bonus tax or a stock transfer tax when issued by the corporation.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 5 - Corporate Powers, Duties and Safeguards
Section 502 - Powers of central or corporate credit unions
Section 503 - Regulation by department
Section 505 - Capital and shares
Section 507 - Minority and trust accounts
Section 509 - Fees and charges