§ 17-19-1620 — Financial statements for members

Wyoming § 17-19-1620

• Jurisdiction: Wyoming
• Title 17: Corporations, Partnerships and Associations
• Ch. 19: WYOMING NONPROFIT CORPORATION ACT
• Art. 16: RECORDS AND REPORTS

Text

(a) Except as provided in the articles or bylaws of a
religious corporation, a corporation upon written demand from a
member shall furnish that member its latest annual financial
statements, which may be consolidated or combined statements of
the corporation and one (1) or more of its subsidiaries or
affiliates, as appropriate, that include a balance sheet as of
the end of the fiscal year and statement of operations for that
year. If financial statements are prepared for the corporation
on the basis of generally accepted accounting principles, the
annual financial statements shall also be prepared on that
basis.
(b) If annual financial statements are reported upon by a
public accountant, the accountant's report shall accompany them.
If not, the statements shall be accompanied by the statement of
the president or the person responsible for the corporation's
financial accounting records:
(i) Stating the president's or other person's
reasonable belief as to whether the statements were prepared on
the basis of generally accepted accounting principles and, if
not, describing the basis of preparation; and
(ii) Describing any respects in which the statements
were not prepared on a basis of accounting consistent with the
statements prepared for the preceding year.