Section 1041 Bylaws

Section 1041. Annual Report of Board of Governors.

(a) The Board of Governors shall present annually to the Members a report, verified by the President and Treasurer or by a majority of the Board, showing in appropriate detail the following:

(1) The assets and liabilities, including any trust funds, of the Association as of the end of the fiscal year immediately preceding the date of the report.

(2) The principal changes in assets and liabilities including any trust funds, during the year immediately preceding the date of the report.

(3) The revenue or receipts of the Association, both unrestricted and restricted to particular purposes, for the year immediately preceding the date of the report, including separate data with respect to each trust fund, if any, held by or for the Association.

(4) The expenses or disbursements of the Association, for both general and restricted purposes, during the year immediately preceding the date of the report, including separate data with respect to each trust fund, if any, held by or for the Association.

(5) The number of Members of the Association as of the date of the report, together with a statement of increase or decrease in such number during the year immediately preceding the date of the report, and a statement of the place where the names and addresses of the current Members may be found.

(b) The annual report under this section shall be filed with the minutes of the meetings of the House of Delegates.



 


Paid Law Firm Advertising