Section 27: Balance sheets
47 words·~1 min read·
/ma/part-i/title-xxii/chapter-171/27·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 27. Each such corporation shall prepare a balance sheet, in accordance with generally accepted accounting principles, which presents fairly its condition as of the last business day of its fiscal year. A copy of said balance sheet shall be made available to a depositor upon request.