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Dec. 16, 2017
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2016 Statute



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17-5325.Bonds and other obligations to be carried at actual cost; exception. The bonds or other interest-bearing obligations purchased by an association shall not be carried on its books at more than the actual cost thereof: Provided, however, Obligations of, or guaranteed as to principal and interest by, the United States government may be carried on the books at redemption values.

History: L. 1943, ch. 133, § 54; July 1.



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2017. Powered by KLISS. Rendered: 2017-12-16T04:49:45. Head Rev No: 343768