O'NEILL, J.
The question before this court is whether a production credit association is subject to the Ohio franchise tax imposed by Section 5733.01, Revised Code, after the shareholder interest in the association has passed to parties other than the federal government or any of its officials.
The association here is an instrumentality of the United States. It has inherent as well as specific statutory exemption from a state franchise tax. See Section 1138c...
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