2012
Statute
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. |
2020. Powered by KLISS. Rendered: 2020-11-26T07:16:52. Head Rev No: 345400
