                                 CODE OF VIRGINIA

ANNUAL REPORTS (§ 13.1-333.1)

Each association subject to this chapter within six months after the close of
its fiscal year shall transmit to each of its members an annual report
containing the name of the association, its place of business, a general
statement of its business operations during the fiscal year, showing the amount
of capital stock paid up and the number of stockholders, if a stock corporation,
or the number of members and the amount of the membership fees received, if a
nonstock association; an income and expense statement; and its balance sheet.
Any association audited by a certified public accountant may comply with this
section by transmitting a copy of such audit to its members.
		The term &#8220;transmit,&#8221; as used in this section, may be satisfied by
printing the annual report or audit in an official publication of the
association.

HISTORY: 1989, c. 465.