Rules And Regulations
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In our eReader you can find the full English version of the book. Read Rules And Regulations Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Rules And Regulations
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In making deductions from the ag- gregate amount of such credits, allowance must be made for such unsecured debts as the assessed party owes to bona fide residents of this State. The only deductions allowable on ac- count of such debts of the party, are debts which are not secured' by deed of trust, mortgage or other lien on real or personal!
property.
RULE IX.
In assessing solvent credits, whether the same are secured by a deed of trust, mortgage or other lien, or other obligations, or are uns...ecured, they are to be valued only by the actual value of the security; that is to say, if the face value of the mortgage is greater than the value of the property, the mortgage should be assessed at no greater value than the property; and so in the case of all other credits secured on either real or personal prop- erty, the credit should be assessed at no greater value than the security. In the case of unsecured credits, the same should be assessed at their real value, which may, in many instances, be less than the par or face value.
What to read after Rules And Regulations?
You can find similar books in the "Read Also" column, or choose other free books by Montana. State Board of Equalization to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In making deductions from the ag- gregate amount of such credits, allowance must be made for such unsecured debts as the assessed party owes to bona fide residents of this State. The only deductions allowable on ac- count of such debts of the party, are debts which are not secured' by deed of trust, mortgage or other lien on real or personal!
property.
RULE IX.
In assessing solvent credits, whether the same are secured by a deed of trust, mortgage or other lien, or other obligations, or are uns...ecured, they are to be valued only by the actual value of the security; that is to say, if the face value of the mortgage is greater than the value of the property, the mortgage should be assessed at no greater value than the property; and so in the case of all other credits secured on either real or personal prop- erty, the credit should be assessed at no greater value than the security. In the case of unsecured credits, the same should be assessed at their real value, which may, in many instances, be less than the par or face value.
What to read after Rules And Regulations?
You can find similar books in the "Read Also" column, or choose other free books by Montana. State Board of Equalization to read onlineMoreLess
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