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Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS

Chapter 353

Effective - 28 Aug 1945 bottom

  353.090.  Maintain reserves for specific purposes. — An urban redevelopment corporation shall establish and maintain depreciation, obsolescence, and other reserves, also surplus and other accounts, including, among others, a reserve for the payment of taxes according to recognized standard accounting practices.

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(L. 1945 p. 1242 § 8)


---- end of effective   28 Aug 1945 ----

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