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499.49 Annual reports.

Each association shall, before April 1 of each year, file a report with the secretary of state on forms prescribed by the secretary. Such report shall be signed by an officer of the association, or a receiver or trustee liquidating its affairs, and shall state:

1. Its name and address.

2. The names, addresses and occupations of its officers and directors.

3. The number of shares of each class of stock authorized and outstanding and the par value thereof; or, if there be none, the number of members and the amount of membership fees paid in.

4. The nature and character of its business.

5. What percentage of its business was done with or for its own members during the preceding fiscal or calendar year, and what percentage thereof was done with or for each class of nonmembers specified in section 499.3.

6. Any other information deemed necessary by the secretary to advise the secretary whether the association is actually functioning as a cooperative.

Section History: Early form

[C35, § 8512-g49; C39, § 8512.49; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 499.49]

Section History: Recent form

93 Acts, ch 126, § 17

Internal References

Referred to in § 499.43A, 499.76

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