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December 22, 2024 Clear | 15°F
The 193rd General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title XXII CORPORATIONS
  4. Chapter 176A NON–PROFIT HOSPITAL SERVICE CORPORATIONS
  5. Section 18A Financial statements; inclusion of electronic data processing equipment as asset

Section 18A

Section 18A: Financial statements; inclusion of electronic data processing equipment as asset

Section 18A. In an account of its financial condition, a non-profit hospital service corporation may include as an asset available for the payment of losses electronic data processing equipment, provided that the cost of such equipment at the time of acquisition is at least one hundred thousand dollars and that said cost is to be amortized in full over a period not to exceed ten years.