Sec. 5-117. Assets.
25 words·~1 min read·
/il/chapter-40/act-5/5-117A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 5-117. Assets.
"Assets": The total value of cash, securities, and other property less all liabilities. Bonds shall be valued at their amortized book value.