Section 491.152 - “Stated capital of a stock association” defined.
SAVINGS AND LOAN ACT OF 1980 (EXCERPT)
Act 307 of 1980
491.152 “Stated capital of a stock association” defined.
Sec. 152.
“Stated capital of a stock association” means the sum of the par value of all shares of capital stock outstanding.
History: 1980, Act 307, Eff. Jan. 1, 1981