By no later than 15 days after the day on which the nonprofit corporation receives a written request of any member, a nonprofit corporation shall mail to the member the following that show in reasonable detail the assets and liabilities and results of the operations of the nonprofit corporation:

(1)  the nonprofit corporation’s most recent annual financial statements, if any; and

Terms Used In Utah Code 16-6a-1606

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • 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.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Member: includes :
(i) "voting member"; and
(ii) a shareholder in a water company. See Utah Code 16-6a-102
(2)  the nonprofit corporation’s most recently published financial statements, if any.

Amended by Chapter 197, 2002 General Session

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