Rhode Island General Laws 42-55-22. Annual reports
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The corporation shall, promptly following the close of each fiscal year, submit an annual report of its activities for the preceding year to the governor, general treasurer and the general assembly. Each report shall set forth a complete operating and financial statement of the corporation during that year. The corporation shall cause an audit of its books and accounts to be made at least once in each fiscal year.
History of Section.
P.L. 1973, ch. 262, § 1.
Terms Used In Rhode Island General Laws 42-55-22
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.