House
File
2277
H-8095
Amend
House
File
2277
as
follows:
1
1.
By
striking
page
2,
line
14,
through
page
3,
2
line
5,
and
inserting:
3
<
Sec.
___.
Section
490.1620,
Code
2014,
is
amended
4
to
read
as
follows:
5
490.1620
Financial
statements
for
shareholders.
6
1.
A
Except
as
provided
in
subsection
4,
a
7
corporation
shall
deliver
prepare
and
make
available
8
to
its
shareholders
,
as
provided
in
subsection
3,
9
annual
financial
statements,
which
may
be
consolidated
10
or
combined
statements
of
the
corporation
and
one
or
11
more
of
its
subsidiaries,
as
appropriate,
that
include
12
a
balance
sheet
as
of
the
end
of
the
fiscal
year,
an
13
income
statement
for
that
year,
and
a
statement
of
14
changes
in
shareholders’
equity
for
the
year
unless
15
that
information
appears
elsewhere
in
the
financial
16
statements.
If
financial
statements
are
prepared
for
17
the
corporation
on
the
basis
of
generally
accepted
18
accounting
principles,
the
annual
financial
statements
19
must
also
be
prepared
on
that
basis.
20
2.
If
the
annual
financial
statements
are
reported
21
upon
by
a
public
accountant,
the
report
must
accompany
22
them.
If
not,
the
statements
must
be
accompanied
by
a
23
statement
of
the
president
or
the
person
responsible
24
for
the
corporation’s
accounting
records
which
does
all
25
of
the
following:
26
a.
States
such
person’s
reasonable
belief
whether
27
the
statements
were
prepared
on
the
basis
of
generally
28
accepted
accounting
principles
and,
if
not,
describing
29
the
basis
of
preparation.
30
b.
Describes
any
respects
in
which
the
statements
31
were
not
prepared
on
a
basis
of
accounting
consistent
32
with
the
statements
prepared
for
the
preceding
year.
33
3.
Within
one
hundred
twenty
days
after
the
close
34
of
each
fiscal
year,
the
corporation
shall
send
35
deliver
the
annual
financial
statements
described
36
in
subsections
1
and
2
to
each
any
person
who
was
a
37
shareholder
of
the
corporation
at
the
end
of
such
38
fiscal
year
.
Thereafter,
on
written
request
from
39
a
shareholder
to
whom
the
statements
were
not
sent
40
delivered
,
the
corporation
shall
send
deliver
to
the
41
shareholder
the
latest
financial
statements.
A
public
42
The
corporation
may
fulfill
its
responsibilities
43
obligation
to
deliver
the
financial
statements
under
44
this
section
this
subsection
by
any
of
the
following
45
methods:
46
a.
By
any
means
authorized
under
section
490.141.
47
b.
By
making
the
financial
statements
available
48
to
a
shareholder
via
internet
access
without
charge
49
notwithstanding
the
lack
of
consent
otherwise
required
50
-1-
HF2277.3067
(2)
85
da/rj
1/
2
#1.
by
section
490.141,
subsection
10,
paragraph
“b”
and
by
1
notifying
the
shareholder
of
instructions
for
access.
2
c.
If
the
corporation
is
a
public
corporation,
3
by
delivering
the
specified
financial
statements,
4
or
otherwise
making
them
available,
in
any
manner
5
permitted
by
the
applicable
rules
and
regulations
of
6
the
United
States
securities
and
exchange
commission.
7
d.
If
the
corporation
is
not
a
public
corporation,
8
by
filing
annual
financial
reports
in
compliance
with
9
state
or
federal
law,
provided
that
such
reports
meet
10
all
the
following
requirements:
11
(1)
Contain
a
balance
sheet
as
of
the
end
of
the
12
fiscal
year
and
an
income
statement
for
that
fiscal
13
year.
14
(2)
Are
required
by
state
or
federal
law
to
be
15
filed
with
a
state
or
federal
agency
within
one
hundred
16
twenty
days
after
the
close
of
each
fiscal
year.
17
(3)
Are
available
to
the
public,
including
via
18
internet
access,
without
charge.
19
4.
A
corporation
with
fewer
than
one
hundred
20
shareholders
as
of
the
end
of
the
corporation’s
fiscal
21
year,
or
that
operates
on
a
cooperative
basis
as
22
defined
under
26
U.S.C.
§1381,
shall
be
excused
from
23
complying
with
this
section
if
the
corporation
prepares
24
annual
financial
statements,
which
may
be
consolidated
25
or
combined
statements
of
the
corporation
and
one
or
26
more
of
its
subsidiaries,
as
appropriate,
that
include
27
a
balance
sheet
as
of
the
end
of
the
fiscal
year
and
an
28
income
statement
for
that
fiscal
year.
Upon
written
29
request
from
a
shareholder,
the
corporation
shall,
at
30
its
expense,
deliver
to
the
shareholder
the
requested
31
financial
statements
as
provided
in
subsection
32
3,
paragraph
“a”
or
“b”
.
If
the
annual
financial
33
statements
are
reported
upon
by
a
public
accountant,
34
the
report
must
accompany
them.
>
35
2.
By
renumbering
as
necessary.
36
______________________________
HAGENOW
of
Polk
-2-
HF2277.3067
(2)
85
da/rj
2/
2
#2.