Section 491.160 - “Total liabilities” defined.
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