Source: https://goodlaw.legal/arizona-az-hoa-statutes/10-11620-financial-statements-for-members/
Timestamp: 2019-09-15 10:15:39
Document Index: 710796291

Matched Legal Cases: ['§10', '§10', '§10', '§10', '§10', '§10', '§10', '§10', '§10', '§10', '§10', '§10', '§10', '§10', '§10', '§10', '§10', '§10', '§10', '§10', '§10', '§10', '§10', '§10', '§10', '§10', '§10', '§10']

AZ HOA Statute: §10-11620 Financial Statements For Members | Goodman Holmgren Law Group
resources / Statutes / Nonprofit Corporations /§10-11620
§10-11620 Financial statements for members
A. Except as provided in the articles of incorporation or bylaws of a corporation organized primarily for religious purposes, a corporation on written demand from a member shall furnish that member its latest annual financial statements that may be consolidated or combined statements of the corporation and one or more of its subsidiaries or affiliates, as appropriate, and 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 the annual financial statements are reported on by a certified public accountant, that report shall accompany them. If not, the statements shall be accompanied by a statement of the president or the person responsible for the corporation’s accounting records both:
1. Stating that person’s reasonable belief whether the statements were prepared on the basis of generally accepted accounting principles and, if not, describing the basis of preparation.
2. Describing any respects in which the statements were not prepared on a basis of accounting consistent with the statements prepared for the preceding year.
More Nonprofit Corporations Arizona HOA Statutes
See all Arizona statutes here.
§10-2003 Requirements for Formation; Association Profits
§10-2004 Articles of Incorporation; Amendments
§10-2005 Powers of Association
§10-2006 Bylaws; Renewal Upon Expiration of Contract Period
§10-2007 By-laws Concerning Property Rights of Members; Amendment
§10-2008 Eligibility for Membership
§10-2009 Membership Certificates; Voting; Liability
§10-2010 Appraisal of interest and payment upon withdrawal or expulsion of member
§10-2011 General powers of directors; election; compensation
§10-2001 Definitions
§10-2012 Organization of board of directors
§10-2002 Law Governing Associations
§10-2013 Removal of officer or director
§10-2024 Producer-distributor agreement not to join, become or remain member of cooperative or trade association
§10-2014 General and special meetings of association; notice
§10-2025 Security law; applicability
§10-2015 Referral to membership
§10-2026 Merger, interest exchange, conversion, domestication or division; definitions
§10-2016 Marketing contracts; remedies for breach
§10-2051 Definitions
§10-2017 Pilot agreement; list of other agreements; recording
§10-2052 Purpose
§10-2018 Investments; limitation; disposition of profits
§10-2019 Annual reports
§10-2020 License and other fees; tax exemption