- (1) This rule is issued pursuant to Section 7-1-301(14).
- (2) This rule applies to all state chartered banks and industrial loan corporations.
- (3) The purpose of this rule is to establish accounting requirements for accrued uncollected income to help ensure accurate accounting of the income of banks and industrial loan corporations.
KEY: financial institutions
Date of Last Change: November 3, 1998
Notice of Continuation: August 16, 2023
Authorizing, and Implemented or Interpreted Law: 7-1-301(14)