North Dakota Code 26.1-16-24 – Annual statement required – Renewal of certificate of authority
Every benevolent society shall transmit to the commissioner, not later than March first of each year, an annual statement as of the previous December thirty-first. The statement must be on any forms required by the commissioner and must show:
Terms Used In North Dakota Code 26.1-16-24
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
- year: means twelve consecutive months. See North Dakota Code 1-01-33
1. All income of the society by sources.
2. All disbursements of the society detailed as to nature.
3. A listing of the assets of the society.
4. The liabilities of the society.
5. The number of members in the society.
6. Any other information required by the commissioner.
If it appears from the statement that the society has a membership at least equal in number to that required as a condition precedent to authorization and that it is otherwise qualified under the requirements of this chapter, a renewal certificate of authority must be issued on the succeeding April thirtieth. The fees for the filing of the statement and the issuance of the certificate are those specified in section 26.1-01-07.