21-20,186 Financial statements for shareholders. - Nebraska Statutes

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Statutes > Nebraska > Chapter21 > 21-20_186

21-20,186. Financial statementsfor shareholders.(1) A corporation shall furnishits shareholders annual financial statements which may be consolidated orcombined statements of the corporation and one or more of its subsidiaries,as appropriate, that include a balance sheet as of the end of the fiscal year,an income statement for that year, and a statement of changes in shareholders'equity for that year unless such information appears elsewhere in the financialstatements. If financial statements are prepared for the corporation on thebasis of generally accepted accounting principles, the annual financial statementsshall also be prepared on that basis.(2) If the annual financial statements are reported upon bya public accountant, the accountant's report shall accompany the financialstatements. If not, the financial statements shall be accompanied by a statementof the president or the person responsible for the corporation's accountingrecords:(a) Stating his or her reasonable belief whether the financialstatements were prepared on the basis of generally accepted accounting principlesand, if not, describing the basis of preparation; and(b) Describing any respects in which the statements were notprepared on a basis of accounting consistent with the statements preparedfor the preceding year.(3) A corporation shall deliver the annual financialstatements to each shareholder within one hundred twenty days after the closeof each fiscal year. Thereafter, on written request from a shareholder whowas not delivered the statements,the corporation shall deliver to him or her thelatest financial statements. SourceLaws 1995, LB 109, § 186; Laws 2009, LB528, § 5.

State Codes and Statutes

Statutes > Nebraska > Chapter21 > 21-20_186

21-20,186. Financial statementsfor shareholders.(1) A corporation shall furnishits shareholders annual financial statements which may be consolidated orcombined statements of the corporation and one or more of its subsidiaries,as appropriate, that include a balance sheet as of the end of the fiscal year,an income statement for that year, and a statement of changes in shareholders'equity for that year unless such information appears elsewhere in the financialstatements. If financial statements are prepared for the corporation on thebasis of generally accepted accounting principles, the annual financial statementsshall also be prepared on that basis.(2) If the annual financial statements are reported upon bya public accountant, the accountant's report shall accompany the financialstatements. If not, the financial statements shall be accompanied by a statementof the president or the person responsible for the corporation's accountingrecords:(a) Stating his or her reasonable belief whether the financialstatements were prepared on the basis of generally accepted accounting principlesand, if not, describing the basis of preparation; and(b) Describing any respects in which the statements were notprepared on a basis of accounting consistent with the statements preparedfor the preceding year.(3) A corporation shall deliver the annual financialstatements to each shareholder within one hundred twenty days after the closeof each fiscal year. Thereafter, on written request from a shareholder whowas not delivered the statements,the corporation shall deliver to him or her thelatest financial statements. SourceLaws 1995, LB 109, § 186; Laws 2009, LB528, § 5.

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State Codes and Statutes

Statutes > Nebraska > Chapter21 > 21-20_186

21-20,186. Financial statementsfor shareholders.(1) A corporation shall furnishits shareholders annual financial statements which may be consolidated orcombined statements of the corporation and one or more of its subsidiaries,as appropriate, that include a balance sheet as of the end of the fiscal year,an income statement for that year, and a statement of changes in shareholders'equity for that year unless such information appears elsewhere in the financialstatements. If financial statements are prepared for the corporation on thebasis of generally accepted accounting principles, the annual financial statementsshall also be prepared on that basis.(2) If the annual financial statements are reported upon bya public accountant, the accountant's report shall accompany the financialstatements. If not, the financial statements shall be accompanied by a statementof the president or the person responsible for the corporation's accountingrecords:(a) Stating his or her reasonable belief whether the financialstatements were prepared on the basis of generally accepted accounting principlesand, if not, describing the basis of preparation; and(b) Describing any respects in which the statements were notprepared on a basis of accounting consistent with the statements preparedfor the preceding year.(3) A corporation shall deliver the annual financialstatements to each shareholder within one hundred twenty days after the closeof each fiscal year. Thereafter, on written request from a shareholder whowas not delivered the statements,the corporation shall deliver to him or her thelatest financial statements. SourceLaws 1995, LB 109, § 186; Laws 2009, LB528, § 5.