Section 491.158 - “Total assets” defined.
SAVINGS AND LOAN ACT OF 1980 (EXCERPT)
Act 307 of 1980
491.158 “Total assets” defined.
Sec. 158.
“Total assets” means the aggregate value of the properties and rights entered upon the books of an association in accordance with generally accepted accounting principles.
History: 1980, Act 307, Eff. Jan. 1, 1981