Michigan § 490.382 - Fiscal year; accounting principles.
Full text of Michigan Michigan Compiled Laws § 490.382 — Fiscal year; accounting principles., with citation guidance and answers to common questions.
§ 490.382. Fiscal year; accounting principles.
(1) A domestic credit union shall use the calendar year as its fiscal year.
(2) A domestic credit union shall follow generally accepted accounting principles in its accounting, unless a different accounting standard is required by state or federal statute, rule, or regulation.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 490.382
What does Michigan Compiled Laws § 490.382 cover?
Section 490.382 ("Fiscal year; accounting principles.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 490.382?
A common citation format is "Michigan Compiled Laws § 490.382" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 490.382 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.