Ill. Admin. Code tit. 14, § 130.245 – Definition of the Terms "Balance Sheet" and "Income Statement", as Used in Section 4.F of the Act | Midpage
§ 130.245
Ill. Admin. Code tit. 14, § 130.245
Definition of the Terms "Balance Sheet" and "Income Statement", as Used in Section 4.F of the Act
AUTHORITY: Implementing and authorized by the Illinois Securities Law of 1953 [815 ILCS 5].SECRETARY OF STATE
a) The term "balance sheet" as it appears in Section 4.F of the Act and as it relates to unit investment trusts shall include a "statement of condition" or a "statement of securities owned" or a "statement of net assets" or a "statement of a bond portfolio".
b) The term "income statement" as it appears in Section 4.F of the Act and as it relates to unit investment trusts shall include a "statement of interest account earnings" or "statement of income account earnings".