So long as said associations shall be kept mutual, and shall lend only to members, they shall be exempt from all forms of taxation; that is, from state, county, municipal, levee board and public improvement taxes, excepting ad valorem taxation of motor vehicles owned by said associations.
Miss. Code Ann. § 81-17-25
Tax exemption
Known as the Farmers’ Credit Association Law
The act spans §§ 81–81 (13 sections).
Codes, 1930, § 6480; 1942, § 4922; Laws, 1924, ch. 271; Laws, 1978, ch. 514, § 8, eff from and after July 1, 1978.
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.