17-5323. Misdescription of assets.

17-5323

Chapter 17.--CORPORATIONS Article 53.--SAVINGS AND LOAN CODE; MANAGEMENT

      17-5323.   Misdescription of assets. No association by any system of accounting or any device of bookkeeping shall, either directly or indirectly, enter any of its assets upon its books, in any name or under any title or designation that is not truly descriptive of such assets.

      History:   L. 1943, ch. 133, § 52; July 1.