State Codes and Statutes

Statutes > Michigan > Chapter-491 > Act-307-of-1980 > 307-1980-1 > Section-491-160

SAVINGS AND LOAN ACT OF 1980 (EXCERPT)
Act 307 of 1980

491.160 “Total liabilities” defined.

Sec. 160.

“Total liabilities” means the aggregate value of the obligations to pay money or funds to others entered upon the books of an association in accordance with generally accepted accounting principles.


History: 1980, Act 307, Eff. Jan. 1, 1981

State Codes and Statutes

Statutes > Michigan > Chapter-491 > Act-307-of-1980 > 307-1980-1 > Section-491-160

SAVINGS AND LOAN ACT OF 1980 (EXCERPT)
Act 307 of 1980

491.160 “Total liabilities” defined.

Sec. 160.

“Total liabilities” means the aggregate value of the obligations to pay money or funds to others entered upon the books of an association in accordance with generally accepted accounting principles.


History: 1980, Act 307, Eff. Jan. 1, 1981


State Codes and Statutes


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State Codes and Statutes

Statutes > Michigan > Chapter-491 > Act-307-of-1980 > 307-1980-1 > Section-491-160

SAVINGS AND LOAN ACT OF 1980 (EXCERPT)
Act 307 of 1980

491.160 “Total liabilities” defined.

Sec. 160.

“Total liabilities” means the aggregate value of the obligations to pay money or funds to others entered upon the books of an association in accordance with generally accepted accounting principles.


History: 1980, Act 307, Eff. Jan. 1, 1981


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