Michigan § 500.920 - Net earnings available for fixed charges; definition.

Full text of Michigan Michigan Compiled Laws § 500.920 — Net earnings available for fixed charges; definition., with citation guidance and answers to common questions.

§ 500.920. Net earnings available for fixed charges; definition.

Sec. 920.

For the purposes of this chapter, the term "net earnings available for fixed charges" means net income after deducting operating and maintenance expenses, taxes other than federal and state income taxes, depreciation and depletion, but excluding extraordinary nonrecurring items of income and expenses appearing in the regular financial statements of the issuing company.

Source: official Michigan text · Last verified 2026-08-27

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Frequently Asked Questions About Michigan § 500.920

What does Michigan Compiled Laws § 500.920 cover?

Section 500.920 ("Net earnings available for fixed charges; definition.") 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 § 500.920?

A common citation format is "Michigan Compiled Laws § 500.920" (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 § 500.920 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.